Use the information below to compute the number of days in the cash conversion cycle for Apple ($ millions). Round calculations to the nearest whole day. Accounts payable, end of year $49,049 Inventory, end of year . $ 4,855 Accounts receivable, net, end of year 17,874 Net sales 229,234 Cost of goods sold . 141,048
Use the information below to compute the number of days in the cash conversion cycle for Apple ($ millions). Round calculations to the nearest whole day. Accounts payable, end of year $49,049 Inventory, end of year . $ 4,855 Accounts receivable, net, end of year 17,874 Net sales 229,234 Cost of goods sold . 141,048
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the information below to compute the number of days in the cash conversion cycle for Apple
($ millions). Round calculations to the nearest whole day. Accounts payable, end of year $49,049 Inventory, end of year . $ 4,855
Cost of goods sold . 141,048
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