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You are provided with the following information of company XYZ (Pty) Ltd. Sales (all on credit) R730218 COGS/Sales 90% Inventory turnover 14 Accounts Receivable R556719
You are provided with the following information of company XYZ (Pty) Ltd. Sales (all on credit) R730218 COGS/Sales 90% Inventory turnover 14 Accounts Receivable R556719 Accounts Payable R301041 Credit purchases R280246 Calculate the cash conversion cycle in days. (Hint: any part of a day constitutes 1 full day) 1. Average Age of Inventory: days 2. Average Collection period: days 3. Average Payment period: days 4. Cash conversion cycle: days
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Cost Accounting A Managerial Emphasis 1
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th Edition
