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The following information is available for a company:
average age of inventory of 15 daysaverage collection period of 30 dayaverage payment period of 18 dayssales revenue: $720 millioncost of goods sold: $330 millionpurchases: $300 million
Question 1: Assuming a 360-day year, calculate the resources invested in the cash conversion cycle. Would you be able to help me step by step how this is done, im clueless.
Analytical procedures for the cash cycle
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