Silver Echo Electronics projects annual sales of $45,000,000 for the upcoming year. Its cost of goods sold (COGS) is expected to remain at 70% of sales. The company currently holds: Inventories = $4,500,000 • • Accounts Receivable = $3,900,000 • Accounts Payable = $3,100,000 - What is the length of Silver Echo Electronics' cash conversion cycle (CCC)?

Silver Echo Electronics projects annual sales of $45,000,000 for the upcoming year. Its cost of goods sold (COGS) is expected to remain at 70% of sales. The company currently holds: Inventories = $4,500,000 • • Accounts Receivable = $3,900,000 • Accounts Payable = $3,100,000 - What is the length of Silver Echo Electronics' cash conversion cycle (CCC)?

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

Problem 3MC

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