Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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General Accounting

Income statement data:
Sales
$6,800
Cost of goods sold 6,000
Balance sheet data:
Inventory
$ 670
Accounts receivable 290
Accounts payable
450
Calculate the cash conversion cycle for the above firm (Use
365 days in a year. Do not round intermediate calculations.
Round answers to 1 decimal place.)
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Transcribed Image Text:Income statement data: Sales $6,800 Cost of goods sold 6,000 Balance sheet data: Inventory $ 670 Accounts receivable 290 Accounts payable 450 Calculate the cash conversion cycle for the above firm (Use 365 days in a year. Do not round intermediate calculations. Round answers to 1 decimal place.)
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