Bania Inc. has annual sales of $17 million, inventory levels of $2.5 million, receivables of $3.5...

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Finance

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million. The firms cost of goods sold is 80% ofsales.
What is Bania’s CCC?
Please show all work step by step.

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Formula of Cash conversion cycle is as below Days inventory outstanding DIO Days sales outstanding DSO Days payable outstanding DPO We need to calculate DIO See Answer

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Bania Inc. has annual sales of $17 million, inventory levels of $2.5 million, receivables of $3.5...

70.2K

Verified Solution

Question

Finance

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million. The firms cost of goods sold is 80% ofsales.
What is Bania’s CCC?
Please show all work step by step.

Answer & Explanation Solved by verified expert

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Bania Inc. has annual sales of $17 million, inventory levels of $2.5 million, receivables of $3.5...

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Finance

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million. The firms cost of goods sold is 80% ofsales.What is Bania’s CCC?Please show all work step by step.

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Other questions asked by students

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million. The firms cost of goods sold is 80% ofsales.
What is Bania’s CCC?
Please show all work step by step.