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Question: Income statement data: Sales $7,500 Cost of goods sold $6,500 Balance sheet data: Inventory $720 Accounts receivable $310 Accounts payable $480 Calculate the cash conversion cycle for the above firm (Use 365 days in a year. Do not round intermediate calculations. Round answers to 1 decimal place.)

Question: Income statement data: Sales $7,500 Cost of goods sold $6,500 Balance sheet data: Inventory $720 Accounts receivable $310 Accounts payable $480 Calculate the cash conversion cycle for the above firm (Use 365 days in a year. Do not round intermediate calculations. Round answers to 1 decimal place.)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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Question: Income statement data: Sales $7,500 Cost of goods sold $6,500 Balance sheet data: Inventory $720 Accounts receivable $310 Accounts payable $480 Calculate the cash conversion cycle for the above firm (Use 365 days in a year. Do not round intermediate calculations. Round answers to 1 decimal place.)
Transcribed Image Text:Question: Income statement data: Sales $7,500 Cost of goods sold $6,500 Balance sheet data: Inventory $720 Accounts receivable $310 Accounts payable $480 Calculate the cash conversion cycle for the above firm (Use 365 days in a year. Do not round intermediate calculations. Round answers to 1 decimal place.)
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