Financial information for Estonia Company and Latvia Corporation are found below: S Thousand Estonia Latvia Company Corp

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Financial Information For Estonia Company And Latvia Corporation Are Found Below S Thousand Estonia Latvia Company Corp 1 (47.79 KiB) Viewed 42 times

Financial information for Estonia Company and Latvia Corporation are found below: S Thousand Estonia Latvia Company Corporation Net Credit Sales 233,700 980,700 Cost of Goods Sold 147,900 684,400 Accounts Receivable 26,800 135,600 Inventories 30,500 87,500 Accounts Payable 18,400 213,200 Current Assets 75,100 251,800 Current Liabilities 25,200 235,300 Requirement a) For both companies, compute the following 1- The current ratio 2- The net working capital 3- The operating cycle 4- The cash conversion cycle b) To reduce the CCC of Estonia Company by 40%, which of the following propositions gives the best solution: 1. Decreasing the accounts receivable by 40 % 2- Decreasing the inventory by 40 % 3- Increasing the accounts payable by 40 %