ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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Lucid Echo Studios has forecasted sales of $24,000,000 for next year and expects its cost of goods sold (COGS) to remain at 75% of sales. Currently, the firm holds $2,700,000 in inventories, $1,800,000 in accounts receivable, and $2,200,000 in accounts payable. What is the length of Lucid Echo Studios' cash conversion cycle (CCC)? a. 40.94 days b. 31.58 days c. 37.53 days d. 43.75 days
Retained Earnings on September 30, 2024 ?
Brightwave Apparel Inc. has total assets of $820,000,000 and a debt ratio of 0.32. Calculate the company's debt-to-equity ratio. (Financial accounting)
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