As an operations management consultant, you have been asked to evaluate a furniture manufacturer's cash-to-cash conversion cycle under the following assumptions: sales of $24 million, cost of goods sold of $22.7 million, 50 operating weeks a year, total average on hane inventory of $2,050,000, accounts receivable equal to $2,470,000, and accounts payable of $3,735,000. What is the cash-to-cash conversion cycle in weeks? Do not round intermediate calculations. Round your answer to one decimal place.
As an operations management consultant, you have been asked to evaluate a furniture manufacturer's cash-to-cash conversion cycle under the following assumptions: sales of $24 million, cost of goods sold of $22.7 million, 50 operating weeks a year, total average on hane inventory of $2,050,000, accounts receivable equal to $2,470,000, and accounts payable of $3,735,000. What is the cash-to-cash conversion cycle in weeks? Do not round intermediate calculations. Round your answer to one decimal place.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:OAs an operations management consultant, you have been asked to evaluate a furniture
manufacturer's cash-to-cash conversion cycle under the following assumptions: sales of $24.6
million, cost of goods sold of $22.7 million, 50 operating weeks a year, total average on hand
inventory of $2,050,000, accounts receivable equal to $2,470,000, and accounts payable of
$3,735,000. What is the cash-to-cash conversion cycle in weeks? Do not round intermediate
calculations. Round your answer to one decimal place.
week(s)
What recommendations can you make to improve performance?
inventory weeks of supply and -Select-
-Select-
supply or -Select-
performance.
accounts receivable weeks of
accounts payable weeks of supply are ways to improve overall firm
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