Cash management is a very important function of managers. Companios need to manage their operations...
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Cash management is a very important function of managers. Companios need to manage their operations in a way that they can sustain growth and yet not run out of cash. Loud Noise Recordings Corporation has forecasted sales of $29,000,000 for next year and expects its cost of goods sold (COGS) to remain at 70% of sales. Currently, the firm holds $3,200,000 in inventory, $2,100,000 in accounts receivable, and $2,600,000 in accounts parable. Approximately how long does it take Loud Noise Recordings to convert its raw materials to its finished products and then to sell those goods? (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) 46.03days51.79days63.29days57.54days On average, it takes from the time a sale is made until the time cash is collected from customers. Loud Noise Recordings relies on customer credit when it thys raw materials from its suppliers. On average, it takes purchases materials before it sends cash to its suppliers. after the firm What is the iength of Loud Noise Recordings's cash conversion cycle (CCC)? 40.94 davs 35.36 days 46,53 dars 37.22 days In general, firms prefer a cce
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