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You have recently been hired to improve the performance of Multiplex Corporation which has been… 1 answer below » You have recently been hired to improve the performance of Multiplex Corporation which has been experiencing a severe cash shortage. As part of your analysis, you want to determine the firm’s cash conversion cycle. Using the following information and a 360-day year, what is your estimate of the firm’s current cash conversion cycle? Current inventory=$120,000 Annual sales=$600,000 Accounts receivable=$160,000 Accounts payable= $25,000 Total annual purchases= $360,000 Purchases credit terms: net 30 days Receivables credit terms: net 50 days Additional Requirements Level of Detail: Show all work Jul 29 2015 11:26 AM
