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Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its 1. inventory to sales? (Use whole number, no decimal value, no commas, no currency, no space) * Approximately, how many days does it take for Company ZT to collect a 2. typical invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 3. Approximately, how many days does it take for Company ZT to pay for its invoice? (Use whole number, no decimal value, no commas, no currency, no space) *

Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its 1. inventory to sales? (Use whole number, no decimal value, no commas, no currency, no space) * Approximately, how many days does it take for Company ZT to collect a 2. typical invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 3. Approximately, how many days does it take for Company ZT to pay for its invoice? (Use whole number, no decimal value, no commas, no currency, no space) *

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Conversion Cycle Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its 1. inventory to sales? (Use whole number, no decimal value, no commas, no currency, no space) * 2 Approximately, how many days does it take for Company ZT to collect a 2. typical invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 3 Approximately, how many days does it take for Company ZT to pay for its invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 4. Approximately, how many days does it take for Company ZT to turn its initial cash investment in inventory back into cash? (Use whole number, no decimal value, no commas, no currency, no space) *
Transcribed Image Text:Conversion Cycle Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its 1. inventory to sales? (Use whole number, no decimal value, no commas, no currency, no space) * 2 Approximately, how many days does it take for Company ZT to collect a 2. typical invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 3 Approximately, how many days does it take for Company ZT to pay for its invoice? (Use whole number, no decimal value, no commas, no currency, no space) * 4. Approximately, how many days does it take for Company ZT to turn its initial cash investment in inventory back into cash? (Use whole number, no decimal value, no commas, no currency, no space) *
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