Cranes Masonry management estimates that it takes the company 30 days on average to pay its suppliers. Management also knows that the company has days
Cranes Masonry management estimates that it takes the company 30 days on average to pay its suppliers. Management also knows that the company has days sales in inventory of 45 days and days sales outstanding of 28 days. How does Cranes cash conversion cycle compare with the industry average of 57 days?
Crane's cash conversion cycle is ______ days.
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
