Cash conversion cyclenegus enterprises has an inventory, Ask an Expert

Finance

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 56 days, an average collection period of 38 days, and a payables deferral period of 36 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

A. What is the length of the firm's cash conversion cycle?

___________ days

B. If Negus's annual sales are $3,360,275 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.

$___________

C. How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91945387

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