Can you explain this general accounting question using accurate calculation methods? Sapphire Manufacturing reported the following data for the year 2024:•Days Sales Outstanding (DSO) = 45 days•Days Inventory Outstanding (DIO) = 60 days⚫ Days Payable Outstanding (DPO) = 30 daysWhat is Sapphire Manufacturing's Cash Conversion Cycle (CCC) for 2024?

Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures the time…

Answered: Sapphire Manufacturing reported the…

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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please anwer all the questions i have mentioned below : - A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities = 3 million Account receivables (A/R) = 1.5 million Inventories = 8.5 million Total current liabilities = 8 million Calculate the company’s current ratio and quick ratio 2. Write the formula for the following ratios and what each ratio measures: Asset turnover Inventory Turnover and Days Inventory Receivable Collection Period 3. Write down the DuPont framework. How would you explain to your non-MBA non-Finance friend about the DuPont framework and why it is important?
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Sapphire Manufacturing reported the following data for the year 2024: • Days Sales Outstanding (DSO) = 45 days • Days Inventory Outstanding (DIO) = 60 days ⚫ Days Payable Outstanding (DPO) = 30 days What is Sapphire Manufacturing's Cash Conversion Cycle (CCC) for 2024?