Question
Yarwin Inc. is actively working to minimize its working capital and has calculated that for the most recent fiscal period, its days of sales outstanding
Yarwin Inc. is actively working to minimize its working capital and has calculated that for the most recent fiscal period, its days of sales outstanding is 29.76 days, days of sales in inventory is 31.09 days, and days of payables outstanding is 22.65 days. What is the company's cash conversion cycle in days? Round to two decimal places (Ex. 0.00).
Over the last year, Cajood Corp. reported net sales of $25,813, accounts receivable of $2,951, inventory of $1,749, and accounts payable of $1,328. The company's cost of goods sold has remained constant at 60% of sales for the last several years and is expected to remain so in the forseeable future. Based on these values, what is the company's days of sales in inventory (DSI)? Round to two decimal places (Ex. 0.00).
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