Calculate mario galaxy cash cycle

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Reference no: EM132703718

We gather the balance sheet information from Mario Galaxy Co. as the following (in millions):

ITEM

Inventory $5,000

Accounts Receivable $3,600

We also have the following figures (in millions) from the income statement:

Net Sales $23,000

Cost of Goods Sold $16,400

A/P Period 45 days

Annual Cash Outlay of $160,000

Suppose there are 365 business days per year. Calculate Mario Galaxy's cash cycle, cash turnover and minimum operating cash.

Reference no: EM132703718

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