Inventory conversion period of 50 days

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Reference no: EM1339374

P16-11 Negus Cash Conversion Cycle

Average collection period of 35 days

Payables deferral period of 25 days

Costs of goods sold is 80% of it's sales.

REQUIRED: Compute the cash conversion cycle.

REQUIRED: Annual credit sales are $4,380,000. What is the firm's investment in accounts receivable?

REQUIRED: How many times does it turn over it's inventory in a year?

Reference no: EM1339374

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