Sales over the last 30 days was $1,020,000. (The planning period.) Accounts receivable at the end...

 

Transcribed Image Text:

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 $168000. 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. 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 $168000. 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.

Answer rating: 100% (QA)

The cashtocash cycle time represents the number of days it takes for a company to convert its invest... View the full answer