a newly appointed Chief Supply Chain Officer at YS Medical Devices, you want to figure out the company's cash-to-cash conversion cycle and make decision(s) to improve the company's performance. Here are pieces of financial data you may utilize: Sales: $23.5 million Cost of goods sold: $20.8 million Operating weeks a year: 50 Total average on-hand inventory (average inventory value): $2,150,000 Accounts receivable: $2,455,000 Accounts payable: $3,695,000
a newly appointed Chief Supply Chain Officer at YS Medical Devices, you want to figure out the company's cash-to-cash conversion cycle and make decision(s) to improve the company's performance. Here are pieces of financial data you may utilize: Sales: $23.5 million Cost of goods sold: $20.8 million Operating weeks a year: 50 Total average on-hand inventory (average inventory value): $2,150,000 Accounts receivable: $2,455,000 Accounts payable: $3,695,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 84PSA
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Question
K .1
As a newly appointed Chief Supply Chain Officer at YS Medical Devices, you want to figure out the company's cash-to-cash conversion cycle and make decision(s) to improve the company's performance. Here are pieces of financial data you may utilize:
Sales: $23.5 million
Cost of goods sold: $20.8 million
Operating weeks a year: 50
Total average on-hand inventory (average inventory value): $2,150,000
Accounts receivable : $2,455,000
Accounts payable: $3,695,000
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