EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Please solve this question financial accounting

Jisol Bhd. a reputable herbal supplement company recently hired you as
their consultant. It faces cash shortages even though the company
recorded high profit in the current year. As one part of your analysis, you
want to determine the firm s cash conversion cycle. Using the following
information and a 365-day year, what is the firm's present cash
conversion cycle?
Average inventory = RM 288,000
Annual sales = RM 2.157,000
Annual cost of goods sold = RM 1,182,000
Average accounts receivable = RM 496,000
Average accounts payable = RM 369,000
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Transcribed Image Text:Jisol Bhd. a reputable herbal supplement company recently hired you as their consultant. It faces cash shortages even though the company recorded high profit in the current year. As one part of your analysis, you want to determine the firm s cash conversion cycle. Using the following information and a 365-day year, what is the firm's present cash conversion cycle? Average inventory = RM 288,000 Annual sales = RM 2.157,000 Annual cost of goods sold = RM 1,182,000 Average accounts receivable = RM 496,000 Average accounts payable = RM 369,000
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