Current Year & Prior Year
Acc. Payable, EOY: $9,023 & $12,968
Acc. Receivable, net, EOY: $29,905 & $18,752
Inventory, EOY: $11,324 & $10,815
Net Sales: $163,000 & $110,000
Cost of Goods Sold: $79,000 & $116,000

Use the information above to compute the number of days in the cash conversion cycle for each year. ?
Cash Conversion Cycle in Days:

Hello, could you answer this question for me? if management wishes to know how well a business's inventory is moving, they could use the a. acid test ratio. b. inventory turnover. c. accounts receivable turnover. d. current ratio.

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?