Company X Assets As of 12/31/2021 Liabilities and Equity Inventories USD 200 000 Accounts Receivable 180 000 Borrowings

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answerhappygod
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Company X Assets As of 12/31/2021 Liabilities and Equity Inventories USD 200 000 Accounts Receivable 180 000 Borrowings

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Company X Assets As of 12/31/2021 Liabilities and Equity
Inventories USD 200 000 Accounts Receivable 180 000 Borrowings USD
190 000 Cash and financial assets available for sale 25 000
Accounts payable and accruals 200 000 Other current assets 18 000
Total current assets Fixed Assets Total Assets USD 423 000 500 000
USD 923 000 Total current liabilities Long-term debt Equity Total
Liabilities & Equities USD 390 000 150 000 383 000 USD 923 000
Net sales (credit) USD 800 000 Cost of goods sold 380 000 Calculate
the firm’s cash conversion cycle and operating cycles.
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