Problem 16.01 – Parramore Corp
Fundamentals of Financial Management, Concise
Brigham and Houston
11th Edition
Given the sales, inventories, receivables, payables, COGS, and loan rate… determine the cash conversion cycle (CCC), the new CCC if the firm were to lower its inventories and receivables, the amount of cash freed up, and the amount by which pretax profits would change.
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