Winston inc is trying to determine the effect of its, Ask an Expert

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Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle.

Winston's 2013 sales (all on credit) were $193,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.77 times during the year.

Its receivables balance at the end of the year was $13,135.52 and its payables balance at the end of the year was $7,408.41.

Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93062581

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