Question
Highland Fence Company has an average age of inventory of 70 days, an average collection period of 45 days, and an average payment period of
Highland Fence Company has an average age of inventory of 70 days, an average collection period of 45 days, and an average payment period of 30 days. What is their cash conversion cycle? Show your work.
(please do not write this out and take a picture, but rather type it out on the computer to post)
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Federal Tax Accounting 2022
Authors: Frank L. Brunetti
1st Edition
080805631X, 9780808056317
