Question: Consider the following performance data for Modular Computers, Inc (MCI). Sales = $35.6 million, cost of goods sold = $28.6 million, total average inventory =

Consider the following performance data for Modular Computers, Inc (MCI).

Sales = $35.6 million, cost of goods sold = $28.6 million, total average inventory = $465,000, accounts receivable = $2,380,000, accounts payable = $3,280,000, and operating 365 days per year. Compute the cash-to-cash conversion cycle. Do not round intermediate calculations. Round your answer to one decimal place.

day(s)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 0 . 2 million, cost of goods sold = $ 3 1 million, total average inventory = $ 4 1 3 , 0 0 0 , accounts...

Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 7 . 4 million, cost of goods sold = $ 2 8 . 3 million, total average inventory = $ 4 3 1 , 0 0 0 , accounts...

Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 4 . 8 million, cost of goods sold = $ 3 0 . 7 million, total average inventory = $ 4 3 6 , 0 0 0 , accounts...

Please provide the calculations on excel or word file along with the solution Research paper on Apple INC. The paper should be approximately 7 - 10 pages (12 - font, double-spaced) in length. Proper...

Consider the following performance data in for Modular Computers, Inc (MCI). Sales = $34 million, cost of goods sold = $30 million, total average inventory = $428,000, accounts receivable =...

need this done in 2hrs...multiple choice..see attached QUESTION 1 The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average...

QUESTION 1 The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average tax rate. 2. variable tax rate. 3. marginal tax rate....

The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average tax rate. 2. variable tax rate. 3. marginal tax rate. 4. fixed...

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of...

Assume that h: V W is linear. (a) Show that the range space of this map {h() | V} is a subspace of the codomain W. (b) Show that the null space of this map { V | h() = W} is a subspace of the...

How is the periodic interest expense affected by the amortization of the premium on bonds payable?

- Select - DefaultReinvestmentPriceItem 1 risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds...

#include #include #include #define SIZE 32 // maximum size of the binary number is 32 bit. // Define the prototypes for functions used in the code. /* Prototypes Definitions*/ void printbinary(int...