You have recently been hired to improve the performance of MJ Cor., which has beeH shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered wer as follows: Current inventory :P120,000 : P600,000 :P157,808 : P25,000 : P365,000 : net 30 days : net 50 days. Annual sales Accounts receivable Accounts payable Total annual purchases Purchases credit terms Receivables credit terms Jsing 365-day year, the estimated current cash conversion cycle (in days) is? ofni alsog pnilslene bne elg lemat . 49 С. 144 E. 193 - 100 D. 168
You have recently been hired to improve the performance of MJ Cor., which has beeH shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered wer as follows: Current inventory :P120,000 : P600,000 :P157,808 : P25,000 : P365,000 : net 30 days : net 50 days. Annual sales Accounts receivable Accounts payable Total annual purchases Purchases credit terms Receivables credit terms Jsing 365-day year, the estimated current cash conversion cycle (in days) is? ofni alsog pnilslene bne elg lemat . 49 С. 144 E. 193 - 100 D. 168
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter23: Other Topics In Working Capital Management
Section: Chapter Questions
Problem 2P: Optimal Cash Transfer Barenbaum Industries projects that cash outlays of 4.5 million will occur...
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![11. You have recently been hired to improve the performance of MJ Cor., which has been experiencing a severe cash
shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered were
as follows:
Current inventory
: P120,000
: P600,000
:P157,808
: P25,000
: P365,000
: net 30 days
: net 50 days.
Annual sales
Accounts receivable
Accounts payable
Total annual purchases
Purchases credit terms
Receivables credit terms
Using 365-day year, the estimated current cash conversion cycle (in days) is?
А. 49
В. 100
otni alsog pnifslene bne nelg lem
С. 144
Е. 193
D. 168](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5cd33e1b-f543-4a8c-8d70-cd3c12b8d74f%2F9cbf2f61-33b8-461b-88b9-9de04c183ad2%2Fz6ydyws_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11. You have recently been hired to improve the performance of MJ Cor., which has been experiencing a severe cash
shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered were
as follows:
Current inventory
: P120,000
: P600,000
:P157,808
: P25,000
: P365,000
: net 30 days
: net 50 days.
Annual sales
Accounts receivable
Accounts payable
Total annual purchases
Purchases credit terms
Receivables credit terms
Using 365-day year, the estimated current cash conversion cycle (in days) is?
А. 49
В. 100
otni alsog pnifslene bne nelg lem
С. 144
Е. 193
D. 168
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