A manufacturer reports the data below. (1) Compute the number of days in the cash conversion cycle.
Question:
A manufacturer reports the data below.
(1) Compute the number of days in the cash conversion cycle.
(2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
Transcribed Image Text:
Net sales....... Cost of goods sold. Accounts payable $ 9,049 $233,007 Accounts receivable. 17,874 137,600 Inventory... 4,855
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