You are provided the following working capital information for the Ridge Company:AccountInventory$$12,890Accounts receivable 12,800Accounts payable12,670Net sales$124,58999,630Cost of goods soldWhat is the cash conversion cycle for Ridge Company?a. 38.3 daysb. 129.9 daysc. 83.5 daysd. 46.4 days

From given data : Inventory=$12890 Accounts receivable= $12800 Accounts payable=$12670 Net sales…

Answered: You are provided the following working…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 12P

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