Calculate the cash conversion cycle for the following firm: Income statement data: Sales
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Question:
Calculate the cash conversion cycle for the following firm:
Income statement data:
Sales $20,000
Cost of goods sold 15,000
Balance sheet data (averages):
Inventory 2,000
Accounts receivable 500
Accounts payable 1,000
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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