Cash conversion cycle LO A4
Current Year Prior Year
Accounts payable, end of year $4,603 $8...
Cash conversion cycle LO A4
Current Year Prior Year
Accounts payable, end of year $4,603 $8,548
Accounts receivable, net, end of year 18,685 15,726
Inventory, end of year 6,904 6,055
Net sales 220,000 205,000
Cost of goods sold 140,000 130,000
Required:
a. Use the information above to compute the number of days in the cash conversion cycle for each year.
b. Did the company manage cash more effectively in the current year
Answers: 2
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