Santana Reys two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for
Question:
Santana Rey’s two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for Business Solutions. Santana has heard of the cash conversion cycle and wants to use it as another performance measure for the workstation manufacturing department. Data below are for the most recent two quarters.
Required
1. Compute the cash conversion cycle for the first quarter.
2. Compute the cash conversion cycle for the second quarter.
3. Did the cash conversion cycle increase or decrease from the first to the second quarter?
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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1 and 2 1 st Qrtr 2 nd Qrtr Days sales in accounts receivable 1...View the full answer
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