Final Four Hospitality LLC operates a chain of sports-bar restaurants and expects its cost of goods sold to be $240,000 this year, which is 75% of sales. Final Four usually turns over its inventory 18 times a year, while accounts recelvable are generally turned over 14 times per year, and accounts payable turnover is 35 times. What is cash conversion cycle expected for this year? ROUND TO NEAREST WHOLE NUMBERS O 26 O 10 O 36 O Nono of tho above

Final Four Hospitality LLC operates a chain of sports-bar restaurants and expects its cost of goods sold to be $240,000 this year, which is 75% of sales. Final Four usually turns over its inventory 18 times a year, while accounts recelvable are generally turned over 14 times per year, and accounts payable turnover is 35 times. What is cash conversion cycle expected for this year? ROUND TO NEAREST WHOLE NUMBERS O 26 O 10 O 36 O Nono of tho above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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