Joanna handicrafts inc has net sales of 500 million with 50, Ask an Expert

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Joanna Handicrafts, Inc., has net sales of $5.00 million with 50 percent being credit sales. Its cost of goods sold is $3.00 million. The firm’s cash conversion cycle is 58.00 days, and its operating cycle is 96.0 days. What is the firm’s accounts payable? (Round intermediate calculations to 1 decimal place, e.g. 25.1 and final answer to nearest whole dollar, e.g. 5,275.)

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Financial Management, Finance

Category:- Financial Management
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