Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables =
Fantastic news! We've Found the answer you've been seeking!
Question:
Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000
a). 240.0 days
b). 180.0 days
c). 90.0 days
d). 60.0 days
e). 45.0 daysrn
Related Book For
Management and Cost Accounting
ISBN: 978-1292063461
6th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Posted Date: