Halka Company is a no-growth firm. Its sales fluctuate seasonall

# Halka Company is a no-growth firm. Its sales fluctuate seasonall

398.7k points
1. Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firms cash conversion cycle. Using the following information and a 365-day year, what is the firms present cash conversion cycle?

Average inventory = $75,000 Annual sales =$600,000

Annual cost of goods sold = $360,000 Average accounts receivable =$160,000

Average accounts payable = $25,000 a. 120.6 days b. 126.9 days c. 133.6 days d. 140.6 days e. 148.0 days Halka Company maddy ### 1 Answer Answered by 6 years ago 398.7k points #### Oh Snap! This Answer is Locked Thumbnail of first page Excerpt from file: 4. Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firms cash conversion cycle. Using the following Filename: 164.docx Filesize: 15.4K Downloads: 4 Print Length: 1 Pages/Slides Words: 147 ### Your Answer Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0\$ or $$\beta^2-1=0$$

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