Homework Help is Here – Start Your Trial Now!
Business
Accounting
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
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,...
See similar textbooks
icon
Related questions
Question

6 points general accounting question

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
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
International Financial Management
International Financial Management
Finance
ISBN:
9780357130698
Author:
Madura
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS