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ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Cash Conversion Cycle? Average inventory = $75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $25,000

ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Cash Conversion Cycle? Average inventory = $75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $25,000

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 1P
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ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Cash Conversion Cycle? Average inventory = $75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $25,000
Transcribed Image Text:ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Cash Conversion Cycle? Average inventory = $75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $25,000
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