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Last year, Crane Plastics Company took an average of 3 5 days to pay suppliers and 2 7 days to collect its receivables. The company's
Last year, Crane Plastics Company took an average of days to pay suppliers and days to collect its receivables. The company's
average days' sales in inventory was days. What were Crane's operating cycle and cash conversion cycle last year?
Crane's operating cycle
days
Crane's cash conversion cycle
days
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
