Cash conversion cycle
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The Hopewell Pharmaceutical Company's balance sheet and income statement for the last year (please see attached excel spreadsheet)
A. Determine Hopewell's cash conversion cycle
B. Give an interpretation of the value computed in (a)
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This explains the computation of cash conversion cycle and its interpretation.
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A. Determine Hopewell's cash conversion cycle
See excel file attached
B. Give an interpretation of the value computed in (a)
It takes around 48 days of converting the whole opeartions of the Hopewell from production to Sales.
The Hopewell Pharmaceutical Company's balance sheet and income statement for the last year
as follows.
Balance Sheet (in millions of dollars)
Assets Liabilities and Stockholders Equity
Cash & marketable securities $1,100 Accounts payable $900
Accounts receivable $1,300 Accrued liabilities (salaries & ...
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