Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
-
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started