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Northern Manufacturing Company management found that during the last year it took an average of 40 days to pay its suppliers, whereas it took 53
Northern Manufacturing Company management found that during the last year it took an average of 40 days to pay its suppliers, whereas it took 53 days to collect its receivables. The companys days sales in inventory was 64 days. What was Northerns cash conversion cycle?
Northerns cash conversion cycle is days. |
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