Homework Help is Here – Start Your Trial Now!
Business
Accounting
What is the cash conversion cycle for a firm with $4 million average inventories, $2 million average accounts payable, a receivables period of 30 days, and an annual cost of goods sold of $20 million?

What is the cash conversion cycle for a firm with $4 million average inventories, $2 million average accounts payable, a receivables period of 30 days, and an annual cost of goods sold of $20 million?

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

I want to this question answer for General accounting question not need ai solution

What is the cash conversion cycle for a firm with $4 million average inventories, $2 million average accounts payable, a receivables period of 30 days, and an annual cost of goods sold of $20 million?
Transcribed Image Text:What is the cash conversion cycle for a firm with $4 million average inventories, $2 million average accounts payable, a receivables period of 30 days, and an annual cost of goods sold of $20 million?
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
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SEE MORE TEXTBOOKS