Question
Merah Saga Berhad has RM5 million in inventory and RM2 million in accounts receivable. Its average daily sales are RM100,000. The companys payables deferral period
Merah Saga Berhad has RM5 million in inventory and RM2 million in accounts receivable. Its average daily sales are RM100,000. The companys payables deferral period (accounts payable divided by daily purchases) is 30 days.
What is the length of the companys cash conversion cycle?
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