Negus enterprises has an inventory conversion period of 62


Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 35 days, and a payables deferral period of 36 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 $3,705,000 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.

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Financial Management: Negus enterprises has an inventory conversion period of 62
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