FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Conversion Cycle
Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.
Question

Please help me with show all calculation thanku 

The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands): Sheridan Foods Sunland Enterprises ادا Accounts Accounts Annual Sales Receivable Jan. 1 Receivable Dec. 31 $61,450 $5,700 32,560 1,680 $7,340 2,230
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Transcribed Image Text:The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands): Sheridan Foods Sunland Enterprises ادا Accounts Accounts Annual Sales Receivable Jan. 1 Receivable Dec. 31 $61,450 $5,700 32,560 1,680 $7,340 2,230
Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal plac 18.4.) Days to collect eTextbook and Modis Sheridan Foods days Sunland Enterprises days
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Transcribed Image Text:Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal plac 18.4.) Days to collect eTextbook and Modis Sheridan Foods days Sunland Enterprises days
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