You are provided the following working capital information for the Rada Company: Account Inventory $ $13,790 Accounts receivable 12,800 Accounts payable 12,670 Net sales $135,489 Cost of goods sold 95,630 What is the cash conversion cycle for Rada Company? a) 26.9 days b) 15.3 days c) 45.7 days d) 38.8 days
You are provided the following working capital information for the Rada Company: Account Inventory $ $13,790 Accounts receivable 12,800 Accounts payable 12,670 Net sales $135,489 Cost of goods sold 95,630 What is the cash conversion cycle for Rada Company? a) 26.9 days b) 15.3 days c) 45.7 days d) 38.8 days
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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Question
Which is the correct option?
Transcribed Image Text:You are provided the following working capital
information for the Rada Company:
Account
Inventory
$
$13,790
Accounts receivable 12,800
Accounts payable 12,670
Net sales
$135,489
Cost of goods sold 95,630
What is the cash conversion cycle for Rada Company?
a) 26.9 days b) 15.3 days c) 45.7 days d) 38.8 days
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