Exercise 9-21 (Static) Cash conversion cycle LO A4 A manufacturer reports the data below. ...
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Accounting
Exercise 9-21 (Static) Cash conversion cycle LO A4
A manufacturer reports the data below.
Accounts payable
$ 9,049
Accounts receivable
17,874
Inventory
4,855
Net sales
233,007
Cost of goods sold
137,600
(1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days?
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