1.)Compute the DSO for Brown Corporation given the following information: SHOW WORK TO RECEIVE FULL OR...

1.)Compute the DSO for Brown Corporation given the following information: SHOW WORK TO RECEIVE FULL OR PARTIAL CREDIT.

Account Age Amount Outstanding Average Days

0-30 days $70,000.00 25

31-60 days $35,000.00 45

Over 60 days $15,000.00 65

2.)Given the following information:

A. Calculate the cash conversion cycle

B. The average balances in accounts receivable, accounts payable and inventory

Cost of goods sold = $600,000

Cost of goods sold = 75 percent of sales

Inventory turnover = 22.0

Accounts receivable turnover = 13.0

Accounts payable turnover = 38.0

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jeff jeffy answered 1 year ago

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