Question
Karlee Corp has $12 million of sales, $3 million of inventories, $3.25 million of receivables, and $1.25 million of payables. Its cost of goods sold
Karlee Corp has $12 million of sales, $3 million of inventories, $3.25 million of receivables, and $1.25 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at an 8% rate. What is Karlee Corps cash conversion cycle (CCC)? Round to the nearest day.
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Investments
Authors: Zvi Bodie
12th Edition
1260819426, 9781260819427
