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You are provided the following working capital information for the Winfrey Industries: Inventory $18,450 Accounts receivable $16,720 Accounts payable Net sales $14,350 $182,600 Cost of goods sold $127,820 What is the cash conversion cycle for Winfrey Industries? a) 31.5 days b) 45.1 days c) 52.9 days d) 23.6 days

You are provided the following working capital information for the Winfrey Industries: Inventory $18,450 Accounts receivable $16,720 Accounts payable Net sales $14,350 $182,600 Cost of goods sold $127,820 What is the cash conversion cycle for Winfrey Industries? a) 31.5 days b) 45.1 days c) 52.9 days d) 23.6 days

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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You are provided the following working capital information for the Winfrey Industries: Inventory $18,450 Accounts receivable $16,720 Accounts payable Net sales $14,350 $182,600 Cost of goods sold $127,820 What is the cash conversion cycle for Winfrey Industries? a) 31.5 days b) 45.1 days c) 52.9 days d) 23.6 days
Transcribed Image Text:You are provided the following working capital information for the Winfrey Industries: Inventory $18,450 Accounts receivable $16,720 Accounts payable Net sales $14,350 $182,600 Cost of goods sold $127,820 What is the cash conversion cycle for Winfrey Industries? a) 31.5 days b) 45.1 days c) 52.9 days d) 23.6 days
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