Question
Atlantic Plc is reviewing its working capital. It takes an average of 30 days for Atlantic Plc to receive payment from customers. Atlantic Plc has
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Atlantic Plc is reviewing its working capital. It takes an average of 30 days for Atlantic Plc to receive payment from customers. Atlantic Plc has average inventory days of 40.
The company's cash conversion cycle is 35 days.
Based on this information, how long does Atlantic Plc take on average before it pays its own suppliers?
70 days
30 days
35 days
105 days
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
