Cash conversion cycle, Negus Enterprises has an inventory

Cash conversion cycle

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Reference no: EM13809171

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 42 days, and a payables deferral period of 33 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

What is the length of the firm's cash conversion cycle?

days

If Negus's annual sales are $3,679,150 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.

How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

Reference no: EM13809171

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