Cypress Corporation reported the following financial data: Income Statement Data: Sales: $8,200 Cost of Goods Sold: $7,000 Balance Sheet Data: Inventory: $800 Accounts Receivable: $320 Accounts Payable: $520 Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for Cypress Corporation. Assume 365 days in a year. Round your answers to 1 decimal place.

Cypress Corporation reported the following financial data: Income Statement Data: Sales: $8,200 Cost of Goods Sold: $7,000 Balance Sheet Data: Inventory: $800 Accounts Receivable: $320 Accounts Payable: $520 Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for Cypress Corporation. Assume 365 days in a year. Round your answers to 1 decimal place.

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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