Question
A firm has an A/R turnover of 13.04, an inventory turnover of 18.25, and an A/P turnover of 12.17. What is its cash conversion cycle?
A firm has an A/R turnover of 13.04, an inventory turnover of 18.25, and an A/P turnover of 12.17. What is its cash conversion cycle?
a. -22.0 days
b. 18.0 days
c. 38.0 days
d. 78.0 days
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
