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In its most recent annual report (all figures reported in $ millions) Briggs & Stratton reported sales of $2,233 million. It also reported that its
In its most recent annual report (all figures reported in $ millions) Briggs & Stratton reported sales of $2,233 million. It also reported that its days' sales in receivables for the year was 32 days, days' sales in inventory was 52 days, and days' sales in payables was 32.6 days. Calculate the cash conversion cycle for the year and present your answer to one decimal place (e.g., 20.0)
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