Question

Use the data for Snyder Services from exercise 11-24B.
In 11-24B. The income statement and additional data of Snyder Services, Inc., follow:


Requirements
1. Calculate the cash conversion cycle for Snyder Services. Round all calculations to two decimal places. Assume all sales on credit.
2. Comment on Snyder Services’ cash conversion cycle assuming that it was 66.82 days for the prioryear.


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  • CreatedApril 29, 2014
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