P12-59B. (Learning Objective 4: Calculating cash conversion cycle) You are analyzing the effectiveness of the trading operations
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P12-59B. (Learning Objective 4: Calculating cash conversion cycle) You are analyzing the effectiveness of the trading operations of CMI Limited. Extracts of its financial statements are provided below.
Requirement 1. Calculate CMI’s cash conversion cycle for 20X8. What is your assessment of CMI’s cash conversion cycle?
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Related Book For 
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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