Negus enerprises has aan inventory conversion period of 50, Ask an Expert

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Negus Enerprises has aan inventory conversion period of 50 days, an average collection period of 35 days and a payable deferral period of 25 days. assume hat cost of goods sold is 80% of sales.

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

B. If Negus's annual sales are $4,380,000 and all sales are on credi, what is the firm's invesment in accounts payable

c. How many times per year does Negus Ent. turn over its inventory

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9996537

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