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Negus Enterprises has an inventory conversion period of 63 days, an average collection period of 48 days, and a payables deferral period of 22 days. Assume that cost of goods sold is 80% of sales

Negus Enterprises has an inventory conversion period of 63 days, an average collection period of 48 days, and a payables deferral period of 22 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

What is the length of the firm's cash conversion cycle?
________ days

If Negus's annual sales are $3,522,025 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.
$ ________

How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.
________

 

Jul 12 2021 View more View Less

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