Accounts receivable period and accounts payable period

Reference no: EM13142167

Cash Conversion Cycle. Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm.

Income statement data:

Sales 5,000

Cost of goods sold 4,200

Balance sheet data:

Beginning of the Year End of the Year

Inventory 500 600

Accounts receivable 100 120

Accounts Payable 250 290

Reference no: EM13142167

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