The christie corporation is trying to determine the effect of its
The Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding(DSO) on its cash flow cycle. Christie’s sales last year(on all credit)were $150,000,and it earned a net profit of 6%, or$9,000. It turned over its inventory 7.5 times during the year,and its DSO was 36.5 days.Its annual cost of goods sold was $121,667.The firm had assets […]