A manufacturer reports the data below. Accounts payable Accounts receivable Iaventory Set sales Cost of gooda sold Current Year Prior Tear $9,328 16,260 6,895 175,000 126,000 $5,383 20,665 7,684 206,000 117,000 (1 Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year?
A manufacturer reports the data below. Accounts payable Accounts receivable Iaventory Set sales Cost of gooda sold Current Year Prior Tear $9,328 16,260 6,895 175,000 126,000 $5,383 20,665 7,684 206,000 117,000 (1 Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 14E
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