Accounting? Micron Technology has the following data, in thousands.Assuming a 365-day year, what is the company's cashconversion cycle?Annual sales = $45,000Annual cost of goods sold = $30,000Inventory = $3,500Accounts receivable = $1,800Accounts payable = $2,500

Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) measures the time it…

Answered: Micron Technology has the following…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

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What is the cash conversion cycle?
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Cash conversion cycle?

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Micron Technology has the following data, in thousands. Assuming a 365-day year, what is the company's cash conversion cycle? Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $3,500 Accounts receivable = $1,800 Accounts payable = $2,500