Company A's for 2018 had $43,748.67M in Sales, $33,744.31M Cost of Goods Sold. The Inventory...

50.1K

Verified Solution

Question

Finance

image
Company A's for 2018 had $43,748.67M in Sales, $33,744.31M Cost of Goods Sold. The Inventory and Accounts Payable were $2,033.3M and $12,978.72M respectively. What should be the value for Accounts Receivables in order to have a Cash Convertion Cycle of 11 days. NOTE: Provide your answer with 2 decimals. If your computation is 35.3778, you must answer 35.38

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students