Question 1: The strategic plan does NOT identify: A. future mergers, alliances,
ID: 2703271 • Letter: Q
Question
Question 1:
The strategic plan does NOT identify:
A. future mergers, alliances, and divestitures
B. major areas of investment in real assets.
C. working capital strategies.
D. the lines of business a firm will complete in.
Question 2:
You are provided the following working capital information for the Ridge Company:
Ridge Company
Account
$
Inventory
$12,890
Accounts receivable
12,800
Accounts payable
12,670
Net sales
$124,589
Cost of goods sold
99,630
Cash conversion cycle: What is the cash conversion cycle for Ridge Company?
38.3 days
129.9 days
83.5 days
46.4 days
Ridge Company
Account
$
Inventory
$12,890
Accounts receivable
12,800
Accounts payable
12,670
Net sales
$124,589
Cost of goods sold
99,630
Explanation / Answer
C. working capital strategies.
A. 38.3 days
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.