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Accounting
Brighton Manufacturing shows the following financial data for the current year: Annual Sales = $3,600,000 • • Cost of Goods Sold $2,160,000 • Average Inventory = $480,000 • Average Accounts Receivable = $720,000 Average Accounts Payable = $540,000 Calculate the company's Cash Conversion Cycle (CCC) using a 365-day year.

Brighton Manufacturing shows the following financial data for the current year: Annual Sales = $3,600,000 • • Cost of Goods Sold $2,160,000 • Average Inventory = $480,000 • Average Accounts Receivable = $720,000 Average Accounts Payable = $540,000 Calculate the company's Cash Conversion Cycle (CCC) using a 365-day year.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 12P
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Answer? ? General Accounting

Brighton Manufacturing shows the following financial data for the current year: Annual Sales = $3,600,000 • • Cost of Goods Sold $2,160,000 • Average Inventory = $480,000 • Average Accounts Receivable = $720,000 Average Accounts Payable = $540,000 Calculate the company's Cash Conversion Cycle (CCC) using a 365-day year.
Transcribed Image Text:Brighton Manufacturing shows the following financial data for the current year: Annual Sales = $3,600,000 • • Cost of Goods Sold $2,160,000 • Average Inventory = $480,000 • Average Accounts Receivable = $720,000 Average Accounts Payable = $540,000 Calculate the company's Cash Conversion Cycle (CCC) using a 365-day year.
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