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You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.4%.
You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.4%. What is the new CashCT value (in days) given the following data before your improvements:
Days in the period: 70
Sales: $13700000
AR: $4560000
AP: $5700000
Inventory: $6900000
Cost of Sales: 71.4
(Keep two decimal places in your answer)
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