finance management

finance management

The Zocco Corporation has an inventory conversion period of 60days,an average collection period of 38days
and a payables deferral period of 30days.Assume that costs of goods sold is 75% of sales.

a. What is the length of the firm’cash conversion cycle?

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?

Price: £ 45

100% Plagiarism Free & Custom Written, Tailored to your instructions

Leave your Comments

Can't read the image? click here to refresh