Your firm has annual sales of 11 million cost of goods sold, Ask an Expert

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Your firm has annual sales of 11 million. Cost of goods sold represent 85percent of this value and purchases are 80 percent of cost of goods sold. Your firm has an AAI (Average Age of Inventory) of 60 days, an APP (Average Payment Period) of 25 days, and an ACP (Average Collection Period) of 45 days.

1A. What is your firm's OC (operating cycle)?

1B. What is your firm's CCC (cash conversion cycle)?

1C. What total amount of resources has your firm invested in its cash conversion cycle?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91796836

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