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Green Valley Industries provided the following data for the year 2024. Sales were $5,200,000, and the cost of goods sold (COGS) was 60% of sales. Calculate the company's Operating Cycle and Cash Conversion Cycle using the given data: Assets • • • Cash: $100,000 Accounts Receivable: $450,000 Inventory: $500,000 Liabilities & Owner's Equity . . • . • Accounts Payable: $400,000 Loan Payable: $150,000 Accruals: $275,000 Owner's Equity: $225,000 Total Current Liabilities & Owner's Equity: $1,200,000

Green Valley Industries provided the following data for the year 2024. Sales were $5,200,000, and the cost of goods sold (COGS) was 60% of sales. Calculate the company's Operating Cycle and Cash Conversion Cycle using the given data: Assets • • • Cash: $100,000 Accounts Receivable: $450,000 Inventory: $500,000 Liabilities & Owner's Equity . . • . • Accounts Payable: $400,000 Loan Payable: $150,000 Accruals: $275,000 Owner's Equity: $225,000 Total Current Liabilities & Owner's Equity: $1,200,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 12P
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Calculate the company's operating cycle and cash conversion cycle using the given data on these financial accounting question

Green Valley Industries provided the following data for the year 2024. Sales were $5,200,000, and the cost of goods sold (COGS) was 60% of sales. Calculate the company's Operating Cycle and Cash Conversion Cycle using the given data: Assets • • • Cash: $100,000 Accounts Receivable: $450,000 Inventory: $500,000 Liabilities & Owner's Equity . . • . • Accounts Payable: $400,000 Loan Payable: $150,000 Accruals: $275,000 Owner's Equity: $225,000 Total Current Liabilities & Owner's Equity: $1,200,000
Transcribed Image Text:Green Valley Industries provided the following data for the year 2024. Sales were $5,200,000, and the cost of goods sold (COGS) was 60% of sales. Calculate the company's Operating Cycle and Cash Conversion Cycle using the given data: Assets • • • Cash: $100,000 Accounts Receivable: $450,000 Inventory: $500,000 Liabilities & Owner's Equity . . • . • Accounts Payable: $400,000 Loan Payable: $150,000 Accruals: $275,000 Owner's Equity: $225,000 Total Current Liabilities & Owner's Equity: $1,200,000
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