The Greek Connection had sales of $32.0 million and a cost of goods sold of...
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Accounting
The Greek Connection had sales of $32.0 million and a cost of goods sold of $12.8 million in 2009. A simplified balance sheet for the firm appears below. a. Calculate The Greek Connection's net working capital in 2009. b. Calculate the cash conversion cycle of The Greek Connection in 2009. c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for the Greek Connection chafe been in 2009 had it matched the industry average for accounts receivable days
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