Question
Archer-Daniels-Midland Co estimates that the company takes 57 days on average to pay off its suppliers. It also knows that it has days' sales in
Archer-Daniels-Midland Co estimates that the company takes 57 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 36 days and days sales' outstanding of 68 days. What is its cash conversion cycle? Group of answer choices
12 days
33 days
none of the answers is correct.
47 days
60 days
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Corporation Finance Volume 2 Of 2
Authors: Hastings Lyon
1st Edition
124008997X, 9781240089970
