Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.) Sales Cost of Goods Sold Accounts Receivable Inventory: Accounts Payable $160,000 128,000 48,000 27 200 72,000 The cash conversion cycle is days. (Round to two decimal places.) 41218
Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.) Sales Cost of Goods Sold Accounts Receivable Inventory: Accounts Payable $160,000 128,000 48,000 27 200 72,000 The cash conversion cycle is days. (Round to two decimal places.) 41218
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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![Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.)
$160,000
128,000
Sales
Cost of Goods Sold
Accounts Receivable
Inventory
Accounts Payable
48,000
27,200
72,000
The cash conversion cycle is days. (Round to two decimal places.)
SAMSUNG
GELEH
Time Remaining: 02:49:42 Show work](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F045a8244-192b-480f-be1a-1c18909686a5%2F44c14a7a-6c71-4a16-960f-86c41a4cfda0%2F274iypn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.)
$160,000
128,000
Sales
Cost of Goods Sold
Accounts Receivable
Inventory
Accounts Payable
48,000
27,200
72,000
The cash conversion cycle is days. (Round to two decimal places.)
SAMSUNG
GELEH
Time Remaining: 02:49:42 Show work
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