Barnes & Noble Inc. reported the following financial information for its last fiscal year (all numbers...
Barnes & Noble Inc. reported the following financial
information for its last fiscal year (all numbers in
thousands):
Revenues $6,839,005
Inventory $1,410,769
A/P $1,374,434
A/R $149,369
AAI 105.21 days
APP 100.86 days
ACP 8.52 days
What is B&N's CCC?
|
- 10.6 days |
||
|
1.9 days |
||
|
12.87 days |
||
|
26.4 days |
Homework Answers
| Answer is 12.87 days | |||
| Explanation: | |||
| B & N CCC: | |||
| AAI | 105.21 | ||
| Add: ACP | 8.52 | ||
| Less: APP | -100.86 | ||
| CCC | 12.87 | ||
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