Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 36 days, and a payables deferral period of 21 days Assume that cost of goods sold is 80 of sales Assume 365 days in year for your calculations A Whatisthelengthofthefirm'scashconversioncycle days Ans B IfNegus'sannualsalesare$3,973,625andallsalesareoncredit,whatisthefirm'sinvestmentinaccountsreceivable Roundyouranswertothenearestdollar $ Ans c HowmanytimesperyeardoesNegusEnterprisesturnoveritsinventory Roundyouranswertotwodecimalplaces Ans

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Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 36 days, and a payables deferral period

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 36 days, and a payables deferral period of 21 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

A.Whatisthelengthofthefirm'scashconversioncycle?days
Ans
B.IfNegus'sannualsalesare$3,973,625andallsalesareoncredit,whatisthefirm'sinvestmentinaccountsreceivable?Roundyouranswertothenearestdollar.$
Ans
c.HowmanytimesperyeardoesNegusEnterprisesturnoveritsinventory?Roundyouranswertotwodecimalplaces.
Ans

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