Question
John Doe Company is a manufacturing company. It normally takes 20 days to turn finished goods into sales and another 40 days to receive payments
John Doe Company is a manufacturing company. It normally takes 20 days to turn finished goods into sales and another 40 days to receive payments from commercial customers. The company pays its suppliers usually 30 days after receiving the supplies. What is the company's cash conversion cycle?
CCC = days
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
