Business, 06.05.2020 00:38 kluckey3426

Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $116,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.67 times during the year. Its receivables balance at the end of the year was $13,111.82 and its payables balance at the end of the year was $7,410.15. Using this information calculate the firm's cash conversion cycle. Do not intermediate calculations. Round your answer to the nearest whole number.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:00, jennemylesp19oy5

What is a sort of auction for stocks in which traders verbally submit their offers?

Answers: 3

continue

Business, 22.06.2019 13:20, sailesd57

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

continue

Business, 22.06.2019 14:00, lindjyzeph

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Answers: 2

continue

Business, 22.06.2019 22:00, indya2

Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.

Answers: 3

continue

You know the right answer?

Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outsta...