Business, 09.11.2019 03:31 shanicejordan

Clay’s forging at canal fulton wants to determine its inventory management performance during its past year of operations. refer to the following information provided by the company: inventory on hand at beginning of the year = $273,000 inventory on hand at end of the year = $290,000 annual cost of goods sold = $1,790,000 average annual accounts receivable = $45,500 annual credit sales = $102,000 beginning-of-year accounts payable = $227,500 end-of-year accounts payable = $316,200 total annual purchases = $1,575,000 based on the above information, calculate the cash-to-cash cycle time (ccct).

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