Use the information below to compute the number of days in the cash conversion cycle for Apple
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Use the information below to compute the number of days in the cash conversion cycle for Apple ($ millions). Round calculations to the nearest whole day.
Cash Conversion CycleCash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,...
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Accounts payable, end of year..... Accounts receivable, net, end of year ... $49,049 $ 4,855 Inventory, end of year Net sales..... Cost of goods sold. 17,874 229,234 141,048
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millions Apples cash conversion cycle is negative meaning the compan...View the full answer
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