Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable
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Question:
Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is the firm's present cash conversion cycle?
Average inventory = | $75,000 |
Annual sales = | $600,000 |
Annual cost of goods sold = | $360,000 |
Average accounts receivable = | $160,000 |
Average accounts payable = | $25,000 |
Related Book For
Human Resource Management People Data And Analytics
ISBN: 9781071876855
2nd Edition
Authors: Talya Bauer, Berrin Erdogan, David E Caughlin, Donald M Truxillo
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