Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been...
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Accounting
Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for Business Solutions. Santana has heard of the cash conversion cycle and wants to use it as another performance measure for the workstation manufacturing department. Data below are for the most recent two quarters. Days' sales in accounts receivable Days' sales in inventory Days' payable outstanding 1st Quarter 20 days 26 days 32 days 2nd Quarter 22 days 25 days 29 days Required 1&2. Compute the cash conversion cycle for the first quarter and second quarter. 3. Did the cash conversion cycle increase or decrease from the first to the second quarter? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Compute the cash conversion cycle for the first quarter and second quarter. 1st Quarter 2nd Quarter Cash conversion cycle Req 1 and 2 Req3 Did the cash conversion cycle increase or decrease from the first to the second quarter? Did the cash conversion cycle increase or decrease from the first to the second quarter?
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