Winston Inc. is trying to determine the effect of its inventory
turnover ratio and days sales outstanding on its cash conversion
cycle. Winston's 2015 sales (all on credit) were $102,000 and its
cost of goods sold was 75% of sales. It turned over its inventory
8.09 times during the year. Its receivables balance at the end of
the year was $13,152 and its payables balance at the end of the
year was $7,403.52. Using this information calculate the firm's
cash conversion cycle. Round your answer to the nearest whole.
Round the days amounts in your intermediate calculations to the
nearest whole day. Do not round other intermediate
calculations.
days
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