Question

Company A's for 2018 had $47,643.45M in Sales, $34,739.99M Costs of Goods Sold. The Inventory and...

Company A's for 2018 had $47,643.45M in Sales, $34,739.99M Costs of Goods Sold. The Inventory and Accounts Payable were $2,618.35M and $13,959.68M respectively. What should be the value for Accounts Receivables in order to have a Cash Conversion Cycle of 18 days?

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Hope it will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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