23 Jul DISCUSS HOW MANAGEMENT MIGHT MIGHT BE ABLE TO REDUCE THE CASH CONVERSION CYCLE.
Cash conversion cycle American Products is concerned about managing cash efficiently. On the average Show more Cash conversion cycle American Products is concerned about managing cash efficiently. On the average inventories have an age of 90 days and accounts receivable are collected on 60 days. Accounts payable are paid approximately 30 days after they arise. The firm has annual sales of about $30 million. Cost of goods sold are $20 million and purchases are $15 million. a. calculate the firms operating cycle b. calculate the firms cash conversion cycle c. calculate the amount of resources needed to support the firms cash conversion cycle. d. Discuss how management might might be able to reduce the cash conversion cycle. Show less
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