AMD Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's...

    

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AMD Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable= $45,000 $31,500 $4,000 Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable= $2,000 $2,400 Richards Advertising has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $55,000 $30,000 $4,500 $1,800 $2,500 AMD Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable= $45,000 $31,500 $4,000 Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable= $2,000 $2,400 Richards Advertising has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $55,000 $30,000 $4,500 $1,800 $2,500

Answer rating: 100% (QA)

To calculate the cash conversion cycle CCC for each company we need to use the following formula CCC ... View the full answer