P12-53A. (Learning Objective 4: Calculating cash conversion cycle). You are analyzing the effectiveness of the trading operations

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P12-53A. (Learning Objective 4: Calculating cash conversion cycle). You are analyzing the effectiveness of the trading operations of AVN Limited. Extracts of its financial statements are provided below.

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Requirement 1. Calculate AVN’s cash conversion cycle for 20X7. What is your assessment of AVN’s cash conversion cycle?

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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