Question
A Company's average age of accounts receivable is 55 days, the average age of accounts payable is 60 days, and the average age of inventory
A Company's average age of accounts receivable is 55 days, the average age of accounts payable is 60 days, and the average age of inventory is 66 days. Assuming a 365-day year, what is the length of its cash conversion cycle?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
