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

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is