A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods...
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A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $4,863 19,345 7,164 215,000 131,000 Required 1 Required 2 (1) Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year? Prior Year $8,808 15,904 6,335 Complete this question by entering your answers in the tabs below. Cash conversion cycle 193,000 128,000 Compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.) Current year days Prior year days. Required 2 > A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $4,863 19,345 7,164 215,000 131,000 Required 1 Required 2 (1) Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year? Prior Year $8,808 15,904 6,335 Complete this question by entering your answers in the tabs below. Cash conversion cycle 193,000 128,000 Compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.) Current year days Prior year days. Required 2 >
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1 Cash conversation cycle Item Days Inventory Outstanding Days Sales Outstanding Days Payable ... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date:
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