Loblaw's company executive assistant is given a task to determine the cash conversion cycle of the company. The following 2016 Income statement and balance sheet Information is as follows. Assume there are 365 days in a year. Sales $32,341 Cost of merchandise Inventory sold $15,594 Inventories $2084 Accounts receivables $782 Accounts payable $3689 Calculate the Cash conversion cycle of the company. The Cash conversion cycle is -28.74. The Cash conversion cycle is -128.74. The Cash conversion cycle is 125.10. The Cash conversion cycle is 143.95.

Loblaw's company executive assistant is given a task to determine the cash conversion cycle of the company. The following 2016 Income statement and balance sheet Information is as follows. Assume there are 365 days in a year. Sales $32,341 Cost of merchandise Inventory sold $15,594 Inventories $2084 Accounts receivables $782 Accounts payable $3689 Calculate the Cash conversion cycle of the company. The Cash conversion cycle is -28.74. The Cash conversion cycle is -128.74. The Cash conversion cycle is 125.10. The Cash conversion cycle is 143.95.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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