ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
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ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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Chapter 10, Problem 2P
To determine
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- Company A has the following data: • Days in inventory: 18 days Days in accounts receivable: 12 days • Days in accounts payable: 20 days Company B has: • Days in inventory: 22 days • Days in accounts receivable: 15 days • Days in accounts payable: 30 days What is the cash-to-cash cycle time for Company A and Company B?arrow_forwardApex Manufacturing is reviewing its working capital efficiency. The company had credit sales of $500,000 last year. Its inventory turnover was 8 times, and its Days Sales Outstanding (DSO) was 36 days. The cost of goods sold for the year was $400,000, and the payables deferral period was 30 days. Assume a 365-day year. Calculate Apex's cash conversion cycle. Round your final answer to two decimal places.arrow_forward???!arrow_forward
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