Question
ABC has $32 million of inventory and $31 million of accounts receivable. Its average daily sales are $851,000 and its gross profit margin is 22
ABC has $32 million of inventory and $31 million of accounts receivable. Its average daily sales are $851,000 and its gross profit margin is 22 percent. The company’s payables deferral period is 54.2 days. What is the length of the firm's cash conversion cycle?
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The cash conversion cycle CCC is a financial metric that measures the time it takes for a company to ...
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
