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15. Sisters Berhad collects its accounts receivable in 48 days. The firm has a net profit margin of 8.6%. On average, Sisters Berhad has about
15. Sisters Berhad collects its accounts receivable in 48 days. The firm has a net profit margin of 8.6%. On average, Sisters Berhad has about 113 days' worth of inventory on hand. The firm's times interest earned is 6.33 and accounts payable are paid in about 38 days. What is the firm's "cash conversion cycle"? A. 15 B. 214 161 123
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