Solutions of financial management 11e by titman chapter18
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Chapter 18
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18000000
2008
2009
2010
16000000
14000000
12000000
10000000
8000000
6000000
4000000
2000000
0
Total current assets
Total current liabilities
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Inventory
purchased
Inventory
sold
Inventory conversion
period
Accounts payable
deferral period
Average collection
period
Cash conversion
cycle
Cash paid for
inventory
Receipt of cash from
accounts receivable
Operating cycle
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Inventory
purchased
Inventory
sold
Inventory conversion
period
Accounts payable
deferral period
Average collection
period
Cash conversion
cycle
Cash paid for
inventory
Receipt of cash from
accounts receivable
Operating cycle
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