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The Zocco Corporation has an inventory conversion period of 60days,an average collection period of 38days |
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and a payables deferral period of 30days.Assume that costs of goods sold is 75% of sales. |
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| a. |
What is the length of the firm’cash conversion cycle? |
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| b. |
If Zocco’s annual sales are $3,421,875 and all sales are on credit,what is the firm’s investment in account receivable? |
c. |
How many times per year does zocco turn over its inventory? |
