Homework Help is Here – Start Your Trial Now!
Business
Accounting
What is the cash conversion cycle for a company with $5.4 million average inventories, $2.7 million average accounts payable, a receivables period of 32 days, and an annual cost of goods sold of $27 million? a) 45 days b) 63 days c) 68.5 days d) 82 days

What is the cash conversion cycle for a company with $5.4 million average inventories, $2.7 million average accounts payable, a receivables period of 32 days, and an annual cost of goods sold of $27 million? a) 45 days b) 63 days c) 68.5 days d) 82 days

Intermediate Financial Management (MindTap Course List)
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
See similar textbooks
icon
Related questions
Question
100%

Need help with this question solution general accounting

What is the cash conversion cycle for a company with $5.4 million average inventories, $2.7 million average accounts payable, a receivables period of 32 days, and an annual cost of goods sold of $27 million? a) 45 days b) 63 days c) 68.5 days d) 82 days
Transcribed Image Text:What is the cash conversion cycle for a company with $5.4 million average inventories, $2.7 million average accounts payable, a receivables period of 32 days, and an annual cost of goods sold of $27 million? a) 45 days b) 63 days c) 68.5 days d) 82 days
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS