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

Transcribed Image Text:You are provided the following working capital information for Hendrix
Corporation:
Account
Inventory
Amount ($)
$15,400
Accounts Receivable $13,200
Accounts Payable
$13,000
Net Sales
$140,500
Cost of Goods Sold
$112,300
What is the cash conversion cycle for Hendrix Corporation?
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