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Title: The 2013 and 2014 balance sheets for Northwest Plumbing showed Cash of $6,500 and $8,000 ... Post by: tivo on Feb 21, 2017 The 2013 and 2014 balance sheets for Northwest Plumbing showed Cash of $6,500 and $8,000 respectively, Accounts Receivable of $15, 000 and $18,000, respectively, Inventory of $12,500 and $9,500, respectively, and Accounts Payable of $5,000 and $8,000, respectively. Its 2014 Income Statement showed Net Sales of $116,000, Cost of Goods Sold of $58,000, and Net Income of $31,000. The cash conversion cycle for 2014 was (round calculations to two decimal places):
A) 58.22 days. B) 80.24 days. C) 162.06 days. D) 23.60 days. Title: Re: The 2013 and 2014 balance sheets for Northwest Plumbing showed Cash of $6,500 and $8,000 ... Post by: largerthanlife on Feb 21, 2017 Content hidden
Title: Re: The 2013 and 2014 balance sheets for Northwest Plumbing showed Cash of $6,500 and $8,000 ... Post by: tivo on Apr 10, 2017 Thank you for helping me with my accounting homework, will ask again
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