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7 Following information are taken from Palmer Ltd. Ratio 1998 1997 A/R Days 82 70 Inventory Days 25 12 A/P Days 110 120 What are

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Following information are taken from Palmer Ltd. Ratio 1998 1997 A/R Days 82 70 Inventory Days 25 12 A/P Days 110 120 What are the cash conversion cycle in 1998 and operating cycle in 1997 respectively? Multiple Choice -3 and 82 -3 and -39 107 and 39 107 and 82

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