Problem: Sales from the previous year were $115,000,000 and the cost of goods sold was $61,750,000. The beginning inventory for this year was $2,350,000. What is the cash-to-cash cycle based on this information?
* Use COGS (as opposed to purchases) to determine AP; use ending inventory to determine DII.
a) 29.68
b) -48.10
c) 107.47
d) 72.94
e) -29.68