You have recently been hired to improve the performance of MJ Cor., which has beeH shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered wer as follows: Current inventory :P120,000 : P600,000 :P157,808 : P25,000 : P365,000 : net 30 days : net 50 days. Annual sales Accounts receivable Accounts payable Total annual purchases Purchases credit terms Receivables credit terms Jsing 365-day year, the estimated current cash conversion cycle (in days) is? ofni alsog pnilslene bne elg lemat . 49 С. 144 E. 193 - 100 D. 168

You have recently been hired to improve the performance of MJ Cor., which has beeH shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Data gathered wer as follows: Current inventory :P120,000 : P600,000 :P157,808 : P25,000 : P365,000 : net 30 days : net 50 days. Annual sales Accounts receivable Accounts payable Total annual purchases Purchases credit terms Receivables credit terms Jsing 365-day year, the estimated current cash conversion cycle (in days) is? ofni alsog pnilslene bne elg lemat . 49 С. 144 E. 193 - 100 D. 168

Name: Show the solution in good accounting form 11. You have recently been h
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Description: Show the solution in good accounting form 11. You have recently been hired to improve the performance of MJ Cor., which has been experiencing a severe cashshortage. As one part of your analysis, you want to determine the firm's cash conversion cycle.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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