Question
Assuming your company has annual sales of $120 million, annual cost of sales of $60 million, accounts receivable of $10 million, accounts payable of $2.5
Assuming your company has annual sales of $120 million, annual cost of sales of $60 million, accounts receivable of $10 million, accounts payable of $2.5 million and inventory of $15 million (use 360 day year) what will be your Cash Conversion Cycle?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th Global Edition
1292018208, 978-1292018201
