finance management
Caiden (Not rated)
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| The Zocco Corporation has an inventory conversion period of 60days,an average collection period of 38days | |||||||||
| and a payables deferral period of 30days.Assume that costs of goods sold is 75% of sales. | |||||||||
| a. | What is the length of the firm'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 account receivable? | ||||||||
| c. | How many times per year does zocco turn over its inventory? | ||||||||
11 years ago
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