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

Step 1: Definition of cash conversion cycleComponents of the cash conversion cycle can be…

Answered: Falcon Ski Corp has the following data,…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 3MC

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What is the firm's cash conversion cycle? General accounting
What is the cash conversion cycle? General accounting
Provided the following information: Sales =$1,440,000, Cost of Goods Sold= $1,100,000, Inventory=$200,000, Receivables=$160,000, Payables=S100,000 and there are 365 days in a year. What is the cash conversion cycle for the firm? a. 113.55 Days b. 77.05 Days c. 150.05 Days d. 73 Days e. None of the above
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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