Falcon Ski Corp has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle (in days)? Annual sales $ 45,000 Annual cost of goods sold $31,500 Inventory $4,000 Accounts receivable $2,000 Accounts payable $2,400

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
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What is the firm's cash conversion cycle? General accounting

Falcon Ski Corp has the following data, in thousands.
Assuming a 365-day year, what is the firm's cash
conversion cycle (in days)?
Annual sales $ 45,000
Annual cost of goods sold $31,500
Inventory $4,000
Accounts receivable $2,000
Accounts payable $2,400
Transcribed Image Text:Falcon Ski Corp has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle (in days)? Annual sales $ 45,000 Annual cost of goods sold $31,500 Inventory $4,000 Accounts receivable $2,000 Accounts payable $2,400
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