An accountant for XYZ Widgets Inc is examining the company’s cash conversion cycle for 2018. For the year, the company had an inventory turnover of 4.5, an AR turnover ratio of 10.6, and an AP turnover ratio of 11.7. What is their cash conversion cycle? Part 2
Part 1
An accountant for XYZ Widgets Inc is examining the company’s cash conversion cycle for 2018. For the year, the company had an inventory turnover of 4.5, an AR turnover ratio of 10.6, and an AP turnover ratio of 11.7. What is their cash conversion cycle?
Part 2
An accountant for XYZ Widgets Inc. is examining the company’s inventory turnover for 2017. The company’s average inventory value for the year comes to $58,500. Its costs of goods sold for the year was $220,000. What was XYZ’s inventory turnover?
Part 3
An accountant for XYZ Widgets Inc. is examining the company’s inventory turnover for 2018. At the beginning of the year, the company had an inventory value of $60,200. At the end of the year, the company had an inventory value of $73,500. Its costs of goods sold for the year was $300,800. What was XYZ’s inventory turnover?.
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