Question: solve Quantitative Problem: Winston Inc, is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cyde.
Quantitative Problem: Winston Inc, is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cyde. Wintton's 2015 sales (all on credit) were $15q,000 and its cost of goods sold was 75% of sales. If turned over its ioventory. 8,93 times during the vear. Its receivables balance at the end of the year was $13,107,22 and its payables balance at the end of the year was \$7,415.94. Using this information calculate the firm's cast conversion cycle. Do not intermetfate calculations. Round your answer to the nearest whole number: dives
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