1. Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables...
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1. Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000: average payable – $40,000: cost of goods sold = $182,500: and net sales – $365,000.
2. Based on the following information, determine the venture’s cash conversion cycle: Inventory-to-sale conversion period =112.9 days: sales –to-cash conversion period = 57.1 days; and purchase to payment conversion period = 76.8 days.
Related Book For
Management and Cost Accounting
ISBN: 978-1292063461
6th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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