None Home Depot's cash conversion cycles are reported as follows:Days sales outstanding (DSO)+ Days inventory outstanding (DIO)-Days payable outstanding (DPO)202320226.27.261.4(40.2)69.4(39.1)27.437.5= Cash conversion cycleSales (Revenues)Cost of goods sold$83,95458,301What is the amount of cash inflow the firm realized by reducing its days inventory outstanding (DIO)in 2023?A) $1,277,83B) $1,613.26C) $1,840.09D) $2,323.11

Ratio analysis means where different ratio of various years of years companies has been compared and…

Home Depot's cash conversion cycles are reported as follows: Days sales outstanding (DSO) + Days inventory outstanding (DIO) - Days payable outstanding (DPO) = Cash conversion cycle Sales (Revenues) Cost of goods sold 2023 2022 6.2 7.2 61.4 69.4 (40.2) (39.1) 27.4 37.5 $83,954 58,301 What is the amount of cash inflow the firm realized by reducing its days inventory outstanding (DIO) in 2023? A) $1,277,83 B) $1,613.26 C) $1,840.09 D) $2,323.11

Home Depot's cash conversion cycles are reported as follows: Days sales outstanding (DSO) + Days inventory outstanding (DIO) - Days payable outstanding (DPO) = Cash conversion cycle Sales (Revenues) Cost of goods sold 2023 2022 6.2 7.2 61.4 69.4 (40.2) (39.1) 27.4 37.5 $83,954 58,301 What is the amount of cash inflow the firm realized by reducing its days inventory outstanding (DIO) in 2023? A) $1,277,83 B) $1,613.26 C) $1,840.09 D) $2,323.11

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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