Attached Question Transcribed Image Text: An analyst has gathered the following data about a company: Average receivables collection period of 37 days Average payables payment period of 30 days. .
Attached Question Transcribed Image Text: An analyst has gathered the following data about a company:
Average receivables collection period of 37 days
Average payables payment period of 30 days.
. Average inventory processing period of 46 days
is their cash conversion cycle?
The following data applies to the GCI Company:
Sales $1,000,000.
Receivables- S260,000.
• Payables S600,000.
Purchases S800,000.
COGS – S800,000.
Inventory $400,000.
Net Income $50,000.
Total Assets – $800,000.
• Debt/Equity 200%.
is the average collection period, the average inventory processing period, and the payables payment
neriod for GCI Company?
Leave a Reply
Want to join the discussion?Feel free to contribute!