Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outs
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Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outs
Quantitative Problem: Winston Inc. istrying to determine the effect of its inventory turnover ratio anddays sales outstanding on its cash conversion cycle. Winston's 2015sales (all on credit) were $146,000 and its cost of goods sold was75% of sales. It turned over its inventory 8.14 times during theyear. Its receivables balance at the end of the year was $13,142.57and its payables balance at the end of the year was $7,419.41.Using this information calculate the firm's cash conversion cycle.Do not intermediate calculations. Round your answer to the nearestwhole number. days