FUNDAMENTAL ACCOUNTING PRINCIPLES
FUNDAMENTAL ACCOUNTING PRINCIPLES
25th Edition
ISBN: 9781307703733
Author: Wild
Publisher: McGraw Hil
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Chapter 24, Problem 20QS

1.

To determine

Concept Introduction:

Cash conversion cycle: The cash conversion cycle refers to the measure where the time in days is determined within which the company is able to convert its cash outflows into its cash inflows.

The number of days required in the cash conversion cycle.

2.

To determine

Concept Introduction:

Cash conversion cycle: The cash conversion cycle refers to the measure where the time in days is determined within which the company is able to convert its cash outflows into its cash inflows.

The company whose cash management is better based on CCC.

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The 2019 annual report for Anglo-American PLC, the world's leading global mining company, shows that the firm had $41.065 billion in non-current assets and $11.670 billion in current assets. It reported $13.120 billion in current liabilities and $9.442 billion in non-current liabilities. How much was the equity of Anglo-American PLC worth? Tutor, please provide step by step correct solution to this financial accounting problem.

Chapter 24 Solutions

FUNDAMENTAL ACCOUNTING PRINCIPLES

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