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Business, 16.06.2021 18:50 Daisysolis136

Excel technology is trying to increase its cash flow cycle. Sales in 2019 was $3,250,000 ( all on credit) and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year. and its DSO was 41days. Its annual cost of goods sold was $1,800,000. The firm had fixed assets $535,000, its payable deferral period is 45 days. Calculate Excel technology's cash conversion cycle

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Excel technology is trying to increase its cash flow cycle. Sales in 2019 was $3,250,000 ( all on cr...
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