A company has inventory balance of $18,765, accounts receivable of $7,252, and accounts payable of $11,782.If the
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Question:
A company has inventory balance of $18,765, accounts receivable of $7,252, and accounts payable of $11,782.If the credit sales are $147,498 and cost of goods sold are $97,227, what is the company's cash (conversion) cycle in number of days?(Use ending balances and assume 365 days in a year.)
Question 22 options:
39.81
40.91
42.02
43.13
44.23
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