Question: Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 6 . 7 million, cost of goodsisold =
Consider the following performance data for Modular Computers, Inc MCI
Sales $ million, cost of goodsisold $ million, total average inventory $ accounts receivable $ accounts payable $ and operating days per year. Compute the cashtocash conversion cycle. Do not round intermediate calculations. Round your answer to one decimal place.
days
What does it mean?
The obtained cashtocash conversion cycle means that Modular Computers, Inc, recelves customers' payments before MCI has to pay its suppliers. This means that MCI finances its inventory
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
