Lukas company has annual sales of $10 million, cost of goods sold of 60 percent, average age of inventory of 80 days, average collection period of 35 days, average payment period of 30 days, and purchases that are 60 percent of cost of goods sold. How much does Lukas company have invested in its cash conversion cycle assuming a 365-day year?

Answer rating: 100% (QA)

To calculate the amount invested in Lukas companys cash conversion cycle we need to consider the ave... View the full answer