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Assume you know a firm's cash conversion period to be 54 days. Using a 365-day year and assuming a receivables turnover of 12 and a payable's...

1. Assume you know a firm’s cash conversion period to be 54 days. Using a 365-day year and assuming a receivables turnover of 12 and a payable’s turnover of 16, find:
a. The firm’s inventory turnover ratio.
b. The level of the firm’s accounts receivable if credit sales are $850,000.

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Dear Student Please find... View the full answer

Finance-8369631.xls

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),
It will show all calculations and formulas Automatically
Question:
1. Assume...

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