Operating cycle and the cash conversion cycle for Latigo
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The Latigo Company has the following financial information:
a. The current assets to sales ratio for the industry is 0.20. State whether Latigo make more or less use of working capital than the industry.
b. Compute the working capital turnover for Latigo and for the industry.
c. Compute the operating cycle and the cash conversion cycle for Latigo.
d. The industry average cash conversion cycle is 112 days. Compare the industry to Latigo and identify any inferences that you can make.
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This provides the steps to calculate the operating cycle and the cash conversion cycle for Latigo
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The Latigo Company has the following financial information:
a. The current assets to sales ratio for the industry is 0.20. ...
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