Question

Use the data for Seacrest Services from exercise 11-15A.
In 11-15A. The income statement and additional data of Seacrest Services, Inc., follow:


Requirements
1. Calculate the cash conversion cycle for Seacrest Services. Round all calculations to two decimal places. Assume all sales on credit.
2. Comment on Seacrest Services’ cash conversion cycle assuming that it was 75.64 days for the prioryear.


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  • CreatedApril 29, 2014
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