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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
The 2013 and 2014 balance sheets for Shadow Industries showed Cash of $8,000 and $9,500 respectively, Accounts Receivable of $14,000 and $16,000, respectively, Inventory of $11,000 and $8,000, respectively, and Accounts Payable of $5,000 and $7,000, respectively. Its 2014 Income Statement showed Net Sales of $108,000, Cost of Goods Sold of $62,000, and Net Income of $27,000. The cash conversion cycle for 2014 was (round calculations to two decimal places):
A) 141.94 days.
B) 40.56 days.
C) 30.08 days.
D) 71.30 days.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
this is exactly what I needed
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Just got PERFECT on my quiz
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This site is awesome
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