What would be the new cash conversion cycle in dollars

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The Inventory balance at Superior clinic is $1, 980,000, the annual sales is $12, 045,000. The Accounts receivable balance is $1, 221,000 and the Accounts Payable balance is $553,000. The annual cost of sales (cost of goods sold) is $7, 208, 750. Calculate the cash conversion cycle in dollars and days. If you changed the accounts receivable days to 32, the Inventory days to 50 and Accounts payable days to 32; what would be the new cash conversion cycle in dollars and days? How much cash would you generate?

Reference no: EM131537820

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