Solution-What is the new CashCTvalue

What is the new CashCTvalue

Reference no: EM132621088

Problem 1: You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.4%. What is the new CashCTvalue (in days) given the following data before your improvements:

Days in the period: 45

Sales: $11925000

AR: $2900000

AP: $5900000

Inventory: $7725000

Cost of Sales: 64.8

Reference no: EM132621088

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What is the new CashCTvalue

Reference no: EM132621088

Reference no: EM132621088

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