Question
An automobile parts chain store carries an average Inventory of worth $ 15 Million. Its annual Sales total $ 108 Million. Using a 360 day
An automobile parts chain store carries an average Inventory of worth $ 15 Million. Its annual Sales total $ 108 Million. Using a 360 day Year, calculate the length of the firm's Inventory Conversion Period (ICP). Explain the significance of the ICP as it relates to the firm's Cash Conversion Cycle.
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
