FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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You are provided the following working capital information for the Ridge Company:
Account
Inventory
$
$12,890
Accounts receivable 12,800
Accounts payable
12,670
Net sales
$124,589
99,630
Cost of goods sold
What is the cash conversion cycle for Ridge Company?
a. 38.3 days
b. 129.9 days
c. 83.5 days
d. 46.4 days
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Transcribed Image Text:You are provided the following working capital information for the Ridge Company: Account Inventory $ $12,890 Accounts receivable 12,800 Accounts payable 12,670 Net sales $124,589 99,630 Cost of goods sold What is the cash conversion cycle for Ridge Company? a. 38.3 days b. 129.9 days c. 83.5 days d. 46.4 days
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