Income statement data: Sales $6,700 Cost of goods sold 5,900 Balance sheet data: Inventory $660 Accounts receivable 280 Accounts payable 440 Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the above firm: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place.) a. Accounts receivable period days b. Accounts payable period days c. Inventory period days d. Cash conversion cycle days

Income statement data: Sales $6,700 Cost of goods sold 5,900 Balance sheet data: Inventory $660 Accounts receivable 280 Accounts payable 440 Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the above firm: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place.) a. Accounts receivable period days b. Accounts payable period days c. Inventory period days d. Cash conversion cycle days

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 14BEA: 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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