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FMT trading has a total inventory of 2,500,000 pesos and accounts receivable of 2,000,000 pesos. Its daily sales average 100,000 pesos. The payables deferral period
FMT trading has a total inventory of 2,500,000 pesos and accounts receivable of 2,000,000 pesos. Its daily sales average 100,000 pesos. The payables deferral period for the company is 30 days, and the average daily cost of sales is 50,000 pesos. How much long does the company's cash conversion cycle last?
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