Business, 31.03.2020 01:03 caitievincent9739
The 2018 and 2019 balance sheets for NW Stone Supply showed Cash of $ 6 comma 100 and $ 7 comma 600 respectively, Accounts Receivable of $ 15 comma 000 and $ 18 comma 000, respectively, Inventory of $ 13 comma 500 and $ 10 comma 500, respectively, and Accounts Payable of $ 4 comma 600 and $ 7 comma 600, respectively. Its 2019 Income Statement showed Net Sales of $ 113 comma 000, Cost of Goods Sold of $ 53 comma 000, and Net Income of $ 33 comma 000. What is the cash conversion cycle for 2019? (Assume all Sales are credit sales. Round any intermediary calculations to two decimal places and your final answer to the nearest day.)
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The 2018 and 2019 balance sheets for NW Stone Supply showed Cash of $ 6 comma 100 and $ 7 comma 600...
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