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Assume Torgensen Corp. has a days' sales outstanding of 28, an inventory days outstanding (i.e. days' inventory held) of 48, a total asset turnover of
Assume Torgensen Corp. has a days' sales outstanding of 28, an inventory days outstanding (i.e. days' inventory held) of 48, a total asset turnover of 5.2, a net profit margin of 0.15, and a days' payables outstanding of 32. Compute Torgensen's cash conversion cycle (i.e., days external financing in the operating cycle) and explain what your answer means
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