A clothing retailer. The company's accounting period is quarterly. Below are some selected figures from the company's

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A clothing retailer. The company's accounting period is quarterly. Below are some selected figures from the company's financial statements for the most recent quarter.

Calculate the company cash conversion cycle.?

Revenue = $200,000

Cost of goods sold = $160,000

Average accounts receivable = $90,000

Average inventory = $110,000

Average accounts payable = $75,000

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Mar 11, 2024 05:29 AM

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A clothing retailer. The company's accounting period is quarterly. Below are some selected figures from the company's

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To calculate the companys cash conversion cycle we need to use the following formula Cash Conversion ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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