Hauser Corporation has the following metrics for 2016. Amount in days 2016 Days sales outstanding 36.5 Payables outstanding 24.8 Day's inventory outstanding 59.1 The conversion cycle for 2016 is: a. 47.4 days b. 70.8 days c. 61.3 days d. 2.2 days e. None of the above

Hauser Corporation has the following metrics for 2016. Amount in days 2016 Days sales outstanding 36.5 Payables outstanding 24.8 Day's inventory outstanding 59.1 The conversion cycle for 2016 is: a. 47.4 days b. 70.8 days c. 61.3 days d. 2.2 days e. None of the above

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 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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Question

100%

The conversation cycle for 2016 ???

Hauser Corporation has the following metrics for 2016.
Amount in days
2016
Days sales outstanding
36.5
Payables outstanding
24.8
Day's inventory outstanding 59.1
The conversion cycle for 2016 is:
a. 47.4 days
b. 70.8 days
c. 61.3 days
d. 2.2 days
e. None of the above

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