Accounting has supplied the following information from our ERP system:Data: Sales over last 30 days 5 $1,020,000Accounts receivable at the end of the month 5 $200,000Inventory value at the end of the month 5 $400,000Cost of sales 5 60 percent of total salesAccounts payable at the end of the month 5 $160,000Calculate our current cash-to-cash cycle time.
Accounting has supplied the following information from our ERP system:Data: Sales over last 30 days 5 $1,020,000Accounts receivable at the end of the month 5 $200,000Inventory value at the end of the month 5 $400,000Cost of sales 5 60 percent of total salesAccounts payable at the end of the month 5 $160,000Calculate our current cash-to-cash cycle time.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Accounting has supplied the following information from our ERP system: Data: Sales over last 30 days 5 $1,020,000 Inventory value at the end of the month 5 $400,000 Cost of sales 5 60 percent of total sales Accounts payable at the end of the month 5 $160,000 Calculate our current cash-to-cash cycle time. |
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