Question
Parramore Corp has $23 million of sales, $5.8 million of inventories, $6.9 million or receivables and $2.3 million of payables. The companys cost of goods
Parramore Corp has $23 million of sales, $5.8 million of inventories, $6.9 million or receivables and $2.3 million of payables. The companys cost of goods sold is 70% of sales, and it finances working capital with bank loans at a 7.5% rate. What is Parramores cash conversion cycle (CCC)?
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Commodity Trading Mistakes
Authors: Andrew Abraham
1st Edition
1492389366, 978-1492389361
