Chapter 22 Mini Case: Cash Conversion, Inventory, and Receivables

Management

Review the mini case in Chapter 22 of your text. Complete all requirements of the case.Bracelet Blanks, Inc. (BB) generated $43,803,000 in sales (all on credit) during 2010. The cost of goods sold was 57% of that total. Accounts receivable totaled $3,240,222, inventory totaled $842,020, and accounts payable totaled $1,826,070.

Read and address the following points:

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