A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 9,649 18,474 5,455 233,607 138,200 (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of days in the cash conversion cycle. Note: Use 365 days in a year. Round calculations to the nearest whole day. Cash conversion cycle days
A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 9,649 18,474 5,455 233,607 138,200 (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of days in the cash conversion cycle. Note: Use 365 days in a year. Round calculations to the nearest whole day. Cash conversion cycle days
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 3P
Related questions
Question
![A manufacturer reports the data below.
Accounts payable
Accounts receivable
Inventory
Net sales
$ 9,649
18,474
5,455
233,607
Cost of goods sold
138,200
(1) Compute the number of days in the cash conversion cycle.
(2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the number of days in the cash conversion cycle.
Note: Use 365 days in a year. Round calculations to the nearest whole day.
Cash conversion cycle
days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ee690c1-7550-48bb-b0b1-146590e5cb48%2Fcb69ac47-2147-4ec7-ac6c-2676a2325a2d%2F2x12ml_processed.png&w=3840&q=75)
Transcribed Image Text:A manufacturer reports the data below.
Accounts payable
Accounts receivable
Inventory
Net sales
$ 9,649
18,474
5,455
233,607
Cost of goods sold
138,200
(1) Compute the number of days in the cash conversion cycle.
(2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the number of days in the cash conversion cycle.
Note: Use 365 days in a year. Round calculations to the nearest whole day.
Cash conversion cycle
days
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