Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ has annual sales of $277,000 and an annual cost of goods sold of $104,000. Accounts receivable is $14,000; inventory is $12,000; and accounts payable

XYZ has annual sales of $277,000 and an annual cost of goods sold of $104,000. Accounts receivable is $14,000; inventory is $12,000; and accounts payable is $19,000. Given that information, compute XYZ's cash conversion cycle. Show your answer to two decimal places, and if it is negative, be sure to include the negative sign.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inside Private Equity

Authors: James M. Kocis, James C. Bachman IV, Austin M. Long III, Craig J. Nickels

1st Edition

0470421894, 978-0470421895

More Books

Students also viewed these Finance questions

Question

Question in Chemical Engineering Please give Correct Answer 1 7 .

Answered: 1 week ago

Question

What is management growth? What are its factors

Answered: 1 week ago

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago