Question: Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 0 . 2 million, cost of goods sold
Consider the following performance data for Modular Computers, Inc MCI
Sales $ million, cost of goods sold $ 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.
day
What does it mean?
The obtained cashtocash conversion cycle means that Modular Computers, Inc. receives customers' payments MCI has to pay its suppliers. This means that MCI finances its inventory by using its own funds
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