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yan [13]
4 years ago
5

American Products is concerned about managing cash efficiently. On average, inventories have an age of 80 days, and accounts rec

eivable are collected in 40 days. Accounts payable are paid approximately 30 days after they arise. The firm has annual sales of about $30 million. Goods sold total $20 million, and purchases are $15 million.
a. Calculate the firm’s operating cycle.
b. Calculate the firm’s cash conversion cycle.
c. Calculate the amount of resources needed to support the firm’s cash conversion cycle.
d. Discuss how management might be able to reduce the cash conversion cycle.
Business
1 answer:
Llana [10]4 years ago
8 0
B. Calculate the firms
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

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4 years ago
If you were born in 1942 how old are you in 2017
notka56 [123]
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3 years ago
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Concussions and Brain Size A recent study1 examined the relationship of football and concussions on hippocampus volume in the br
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wolverine [178]

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