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Determine the number of resource investment

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Aurora Group is a company engaged in the cement industry. In 2019, Aurora Group sold 55,000 units of product at a selling price of $ 100 per unit. The variable price per unit is 45% of the selling price. It is known that the Aurora Group has trade trades of $ 687,500 and accounts payable of $ 412,500. Aurora Group has a conversion cycle of 95 days.

Question: Determine the number of Resource Investment owned by Aurora Groups which describes the timeline of the cash conversion cycle (TimeLine for Cash Conversion Cycle). (Assuming 1 year = 360 days). )

Reference no: EM132668510

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