Question: Module A HW 2 points Sales over the last 30 days was $1,020,000. (The planning period.) Accounts receivable at the end of that planning period

Module A HW

Module A HW 2 points Sales over the last 30 days was

2 points Sales over the last 30 days was $1,020,000. (The planning period.) Accounts receivable at the end of that planning period was $200,000 The inventory at the end of that period was $400,000 The cost of sales was 60% of total sales. Accounts payable at the end of the period was $161000. Compute the cash-to-cash cycle time in days. Round your result to 2 decimal places, if applicable. Do not enter any symbols or labels in the answer field. If the result is less than zero, insert a negative sign

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!