The Asmo Corporation has an inventory conversion period of75days, an average collection period 38 days, and a payablesdeferralperiod of 30 days.

a. What is the length of the cash conversion cycle?

b. If Asmo's annual sales are $3,421,875 and all sales areoncredit, what is the investment in accounts receivable?

c. How many times per year does Asmo turn overitsinventory?

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Patrina SchowalterLv2

28 Sep 2019

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