ADVANCED FINANCIAL ACCT.(LL) >CUSTOM<
ADVANCED FINANCIAL ACCT.(LL) >CUSTOM<
12th Edition
ISBN: 9781260824292
Author: Christensen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 5.5Q
To determine

Consolidated balance sheet:

A consolidated balance sheet is prepared by the parent company to consolidate the assets and liabilities of the parent and its subsidiaries. 

To Indicate: The share of consolidated retained earnings assigned to the non-controlling interest on the consolidated balance sheet.

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Your supervisor at Clearview Corp. asks you to compute the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was$142,800, accounts receivable were $96,500, and accounts payable were $111,600. You also see that the company had sales of $312,000 and that cost of goods sold was $275,000. What is the firm’s cash conversion cycle? (Round to the nearest day.)
Direct materials:35600, Direct labor:42700
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ADVANCED FINANCIAL ACCT.(LL) >CUSTOM<

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