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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
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.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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