Question
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days
Brothers Breads has the following data. What is the firm's cash conversion cycle?
| Inventory conversion period = | 50 days |
| Average collection period = | 17 days |
| Payables deferral period = | 25 days |
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
