Consider the following performance data in for Modular Computers, Inc (MCI). Sales = $34 million, cost of
Question:
Consider the following performance data in for Modular Computers, Inc (MCI). Sales = $34 million, cost of goods sold = $30 million, total average inventory = $428,000, accounts receivable = $2,100,000, accounts payable = $2,900,000, and operating 365 days per year. Compute the cash-to-cash conversion cycle. What does it mean?
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Cost of goods soldday CGSD Cost of goods sold valueOperating days per year CGSD 30000000365 82192 In...View the full answer
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Related Book For 
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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