Question
A company with a 75-day operating cycle determines its cash conversion cycle using the following data: Inventory days: 50 Receivable days: 25 Payable days: 15
A company with a 75-day operating cycle determines its cash conversion cycle using the following data: Inventory days: 50 Receivable days: 25 Payable days: 15 What is the company's cash conversion cycle?
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
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