4 - ABC Co. is a manufacturing company and selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for th year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) Please calculate cash conversion cycle? a) 54 b) 0137 64 c) 74 d) 84 O O O O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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4 -
ABC Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales
equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for the
year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory
equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to
11000 and 9000 for the year 2019. (All numbers are in dollars)
Please calculate cash conversion cycle?
а)
54
b)
64
013/
74
84
O O O
Transcribed Image Text:4 - ABC Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for the year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) Please calculate cash conversion cycle? а) 54 b) 64 013/ 74 84 O O O
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