In 2015 Super Mega Storm, Inc. has $9,363,939 in credit sales, $314,854, in Accounts Receivable, $262,393 in Accounts Payable, and $774,458 in credit sales in Inventories. Cost of Goods Sold that year was $2,195,348 = 0.6*9,363,939. Use 365-days a year.

Using a 365-day year, calculate cash conversion cycle.

Round the answers to two decimals places

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Solution Cash conversion cycleAccounts receivables daysInventory holding daysAcc... View the full answer