This paper circulates around the core theme of The Greek Connection had sales of $32 million in 2012, and a cost of goods sold of $20 million. A simplified balance sheet for the firm appears below together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
THE GREEK CONNECTION
Balance Sheet
As of December 31, 2012 (in $ thousand)
Assets
Liabilities and Equity
Cash
Accounts receivable
Inventory
$ 2,000
3,950
1,300
Accounts payable
Notes payable
Accruals
$ 1,500
1,000
1,220
Total current assets
$ 7,250
Total current liabilities
Long-term debt
$ 3,720
3,000
Net plant, property,
and equipment
$ 8,500
Total liabilities
Common equity
$ 6,720
9,030
Total assets
$ 15,750
Total liabilities and equity
$ 15,750
Calculate The Greek Connection’s net working capital in 2012.
b. Calculate the cash conversion cycle of The Greek Connection in 2012.
c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2012 if it had matched the industry average for accounts receivable days?
