Question: George Co. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $800,000 $620,000 $85,000 $150,000 $50,000 Annual

 George Co. has the following data, in thousands. Assuming a 365-day

George Co. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $800,000 $620,000 $85,000 $150,000 $50,000 Annual sales - Annual cost of goods sold - Inventory = Accounts receivable = Accounts payable = O 81.48 days 83.90 days 89.04 days 91.48 days 96.50 days

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 Finance Questions!