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The Mennen Corporation is interested in examining its cash conversion cycle.

The Mennen Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the following data for your use: $1.20 million Inventory $0.96 million Accounts receivable $0.48 million Accounts payable $0.18 million Wages, benefits, and payroll taxes payable $30.0 million Sales $12.0 million Cost of sales $1.80 million Selling, general, and administrative expenses Estimate each of the following:

a. Inventory conversion period
b. Receivables collection period
c. Payables deferral period
d. Cash conversion cycle
 

TUTORIAL PREVIEW

Cost of sales =
12
Inventory =
1.2
Inventory turnover =
10
Inventory conversion period =
36.5
days


File name: Mennen Corporation.xlsx  File type: . xlsx  PRICE: 10