You are the new manager of Accounts Payable. As a proud UM graduate, you have worked...

You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.4%. What is the new Cash_CT value (in days) given the following data before your improvements:

Days in the period: 70

Sales: $13700000

AR: $4560000

AP: $5700000

Inventory: $6900000

Cost of Sales: 71.4

(Keep two decimal places in your answer)

Expert Solution

hi....i tried my level best...if u have any doubt please comment me...thank you

ekkarill92 answered 2 years ago

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