Final Four Hospitality LLC operates a chain of sports-bar restaurants and expects its cost of goods sold to be $240,000 this year, which is 75% of sales. Final Four usually turns over its inventory 18 times a year, while accounts recelvable are generally turned over 14 times per year, and accounts payable turnover is 35 times. What is cash conversion cycle expected for this year? ROUND TO NEAREST WHOLE NUMBERS O 26 O 10 O 36 O Nono of tho above

Final Four Hospitality LLC operates a chain of sports-bar restaurants and expects its cost of goods sold to be $240,000 this year, which is 75% of sales. Final Four usually turns over its inventory 18 times a year, while accounts recelvable are generally turned over 14 times per year, and accounts payable turnover is 35 times. What is cash conversion cycle expected for this year? ROUND TO NEAREST WHOLE NUMBERS O 26 O 10 O 36 O Nono of tho above

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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