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Problem:

Consider the following items from Theis Industries financial statements:

Annual sales: $5,773

Cost of goods sold: $5,184

Inventories: $569

Accounts receivable: $559

Accounts payable: $415

Calculate the following for Theis:

Inventory conversion period =

Average collection period =

Payables deferral period =

Cash conversion cycle =

Explain in detail and show all work.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91147375

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