Join Date: Sep 2012
The Zocco Corporation has an inventory conversion period?
The Zocco Corporation has an inventory conversion period of 60 days, an average collection period of 32 days, and a payables deferral period of 50 days.
a. What is the length of the cash conversion cycle? Round your answer to two decimal places.
b. If Zocco's annual sales are $4,340,105 and all sales are on credit, what is the investment in accounts receivable? Round your answer to two decimal places.
c. How many times per year does Zocco turn over its inventory? Round your answer to two decimal places.
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