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Rickos Rickos
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6 years ago
A & B Global's annual credit sales are $18 million; the accounts receivable balance is $1.5 million; the cost of goods sold is $12.6 million; the inventory balance is $350,000, and the balance in accounts payable is $700,000.
a. Compute A&B's operating cycle.
b. Compute A&B's cash conversion cycle.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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Rickos Author
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6 years ago
I really needed your help, thank you! Smiling Face with Glasses
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