The cost of goods sold is $2,000,000, and inventory is $500,000. Calculate the days on hand.
Sales on account are $8,000,000, and accounts receivable are $3,000,000. Calculate the days outstanding.
The cost of goods sold is $3,500,000, and accounts payable are $500,000. Compute the days in accounts payable.
Compute the cash conversion cycle using information from the previous three questions.