Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable = $2,500

38.93

Explanation:

Firm Cash Conversion Cycle = Inventory Conversion Period + Average Collection Period  - Payable Deferral Period

Inventory Conversion Period =  365 * Inventory / Annual cost of goods sold

365 days * 4500 / 30000 = 54.75

Average Collection Period = 365 days * Account receivable /  sales

= 365 * 1800 / 45000 = 14.60

Payable Deferral Period = 365 days * Account payable /  sales =  365 * 2500 / 30000 = 30.42

Hence, Firm Cash Conversion Cycle = 54.75 + 14.60 - 30.42 = 38.93

The firm Cash Conversion Cycle is 38.93

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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