Question the zocco corporation has an inventory conversion, Ask an Expert

Accounting

Question: The Zocco Corporation has an inventory conversion period of 75 days, a receivables collection period of 38 days, and a payables deferral period of 30 days.

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

b. If Zocco's annual sales are $3,421,875 and all sales are on credit, what is the firm's investment in accounts receivable?

c. How many times per year does Zocco turn over its inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92334245

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