Bridgestone Electronics manufactures and sells electronic gadgets. The company's accounting data for the year ended December 31, 2024, is provided below: ⚫ Net Sales: $5,000,000 ⚫ Cost of Goods Sold (COGS): $3,000,000 • • Average Inventory: $400,000 ⚫ Average Accounts Receivable: $350,000 • • Average Accounts Payable: $250,000 ⚫ Days in the Year: 365 Calculate the Cash Conversion Cycle (CCC) for Bridgestone Electronics.

Bridgestone Electronics manufactures and sells electronic gadgets. The company's accounting data for the year ended December 31, 2024, is provided below: ⚫ Net Sales: $5,000,000 ⚫ Cost of Goods Sold (COGS): $3,000,000 • • Average Inventory: $400,000 ⚫ Average Accounts Receivable: $350,000 • • Average Accounts Payable: $250,000 ⚫ Days in the Year: 365 Calculate the Cash Conversion Cycle (CCC) for Bridgestone Electronics.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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