Tauscher textiles corporation has an inventory conversion, Ask an Expert

Finance

Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35 days.

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

b. If Tauscher’s sales are $4,309,028 and all sales are on credit, what is the firm’s investment in accounts receivable?

c. If the firm’s cost of goods sold are $3,231,771 and all sales are on credit, how much inventory is on the firm’s balance sheet.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92322017

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