Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.) Sales Cost of Goods Sold $150,000 120,000 Accounts Receivable 46,500 Inventory 27,000 Accounts Payable 64,500 The cash conversion cycle is days. (Round to two decimal places.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.)
Sales
Cost of Goods Sold
$150,000
120,000
Accounts Receivable
46,500
Inventory
27,000
Accounts Payable
64,500
The cash conversion cycle is days. (Round to two decimal places.)
Transcribed Image Text:Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.) Sales Cost of Goods Sold $150,000 120,000 Accounts Receivable 46,500 Inventory 27,000 Accounts Payable 64,500 The cash conversion cycle is days. (Round to two decimal places.)
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