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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Step 1
Formulas:
- Cash conversion cycle = Inventory conversion period + Receivables collection period - Payables deferral period.
- Investment in accounts receivable = Receivable collection period/360*Net sales.
- Inventory turnover ratio = 360/Inventory conversion period.
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