Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales...

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Winston Inc. is trying to determine the effect of its inventoryturnover ratio and days sales outstanding on its cash conversioncycle. Winston's 2015 sales (all on credit) were $168,000 and itscost of goods sold was 75% of sales. It turned over its inventory8.03 times during the year. Its receivables balance at the end ofthe year was $13,172.98 and its payables balance at the end of theyear was $7,400.17. Using this information calculate the firm'scash conversion cycle. Round your answer to the nearest whole.Round the days amounts in your intermediate calculations to thenearest whole day. Do not round other intermediatecalculations.
days

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Inventory turnover COGSinventory Inventory turnover 365000120000 Inventory turnover 304 days of inventory on hand number of days in a yearinventory turnover days of inventory on hand 365803 See Answer

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Winston Inc. is trying to determine the effect of its inventoryturnover ratio and days sales outstanding on its cash conversioncycle. Winston's 2015 sales (all on credit) were $168,000 and itscost of goods sold was 75% of sales. It turned over its inventory8.03 times during the year. Its receivables balance at the end ofthe year was $13,172.98 and its payables balance at the end of theyear was $7,400.17. Using this information calculate the firm'scash conversion cycle. Round your answer to the nearest whole.Round the days amounts in your intermediate calculations to thenearest whole day. Do not round other intermediatecalculations.days