Company Ajax has the following information from its financial statements in 2021. The annual sales revenue was $271 million and we assume that the company operated for 365 days last year. The accounts receivable (AR) amounted to $31.8 million and the accounts payable (AP) to $33.2 million. Further from the balance sheet, the inventory is valued at $12.6 million. The cost of sales (COGS/Revenue) is 50%. of accounts receivable is Part 2: The Part 3: T Part 4: The cash-to-cash cycle time is [Select]
Company Ajax has the following information from its financial statements in 2021. The annual sales revenue was $271 million and we assume that the company operated for 365 days last year. The accounts receivable (AR) amounted to $31.8 million and the accounts payable (AP) to $33.2 million. Further from the balance sheet, the inventory is valued at $12.6 million. The cost of sales (COGS/Revenue) is 50%. of accounts receivable is Part 2: The Part 3: T Part 4: The cash-to-cash cycle time is [Select]
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The cash-to-cash cycle time is?
![Company Ajax has the following information from its financial statements
in 2021.
The annual sales revenue was $271 million and we assume that the
company operated for 365 days last year. The accounts receivable (AR)
amounted to $31.8 million and the accounts payable (AP) to $33.2
million. Further from the balance sheet, the inventory is valued at $12.6
million. The cost of sales (COGS/Revenue) is 50%.
of accounts receivable is
Part 2: The
Part 3: T
Part 4: The cash-to-cash cycle time is [Select]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F94318975-01ba-4d18-9ca1-9fd38cc18d5f%2Ff4e43cbd-5dd3-43d9-9c8e-25c6b26da87a%2F8w8wd5r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Company Ajax has the following information from its financial statements
in 2021.
The annual sales revenue was $271 million and we assume that the
company operated for 365 days last year. The accounts receivable (AR)
amounted to $31.8 million and the accounts payable (AP) to $33.2
million. Further from the balance sheet, the inventory is valued at $12.6
million. The cost of sales (COGS/Revenue) is 50%.
of accounts receivable is
Part 2: The
Part 3: T
Part 4: The cash-to-cash cycle time is [Select]
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