Question
Your boss asks you to compute your company’s cash conversion cycle. Looking at the financial statements,...
Your boss asks you to compute your company’s cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $22,300, accounts receivable averaged $24,600, and accounts payable averaged $15,800. You also see that the company had sales of $141,000 and that cost of goods sold was $112,800. Calculate firm’s cash conversion cycle
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nothing
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Cash to cash conversion cycle
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25 days
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