Devon Automotive estimates that it takes the company about 62 days to collect cash from customers on

Question:

Devon Automotive estimates that it takes the company about 62 days to collect cash from customers on finished goods from the day it receives raw materials, and it takes about 65 days to pay its suppliers. What is the company’s ? Interpret your answer.

Cash Conversion Cycle
Cash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,...