Question
Atlantic Plc is reviewing its working capital. It takes an average of 35 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 35 days for Atlantic Plc to receive payment from customers. Atlantic Plc has average inventory days of 30.
The company's cash conversion cycle is 38 days.
Based on this information, how long does Atlantic Plc take on average before it pays its own suppliers?
27 days
65 days
35 days
103 days
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
