Question
On average, a firm with $65 million inventories has annual sales of $365 million. A firm has an average collection period of 30 days, and
On average, a firm with $65 million inventories has annual sales of $365 million. A firm has an average collection period of 30 days, and an average payable deferral period of 20 days. Use a 365-day year, what is its cash conversion cycle?
____
50 days
75 days
95 days
115 days
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
