The finance department has been directed to reduce the
cash-to-cash cycle time to 37.7 days.
You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be?
Days in the period: 85
Sales: $7050000
Inventory: $4300000
AR: $6400000
Cost of Sales: 66.8
(Your answer should be in whole dollars)
Your Answer:
You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be?
Days in the period: 85
Sales: $7050000
Inventory: $4300000
AR: $6400000
Cost of Sales: 66.8
(Your answer should be in whole dollars)
Your Answer:
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