Company A's for 2018 had $46671.29M in Sales, $35690.37M Cost of Goods Sold. The Account Receivable...
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Company A's for 2018 had $46671.29M in Sales, $35690.37M Cost of Goods Sold. The Account Receivable was $5832.17M. Finally, the Inventory and Accounts Payable were $2833.55M and $13623.25M respectively. The company increases sales by 28% however keeping the same inventory. Applying the percentage of Sales Method, what would be the new CCC? NOTE: Provide your answer with 2 decimals. If your computation is 35.3778, you must answer 35.38 Company A's for 2018 had $46671.29M in Sales, $35690.37M Cost of Goods Sold. The Account Receivable was $5832.17M. Finally, the Inventory and Accounts Payable were $2833.55M and $13623.25M respectively. The company increases sales by 28% however keeping the same inventory. Applying the percentage of Sales Method, what would be the new CCC? NOTE: Provide your answer with 2 decimals. If your computation is 35.3778, you must answer 35.38
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Calculate the new Cash Conversion Cycle CCC using the percentage of sa... View the full answer
Related Book For
Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts
ISBN: 9780135919460
34th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
Posted Date:
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