Question
Cash turnover is 3.5 times for a firm with annual revenues of US$10 million and US$7 million in cost of goods sold. What is the
Cash turnover is 3.5 times for a firm with annual revenues of US$10 million and US$7 million in cost of goods sold. What is the firm's cash conversion cycle (CCC)?
a.104.3 days
b.109.5 days
c.255.5 days
d.1,277.5 days
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
