Question
Prestige Company has determined the following information for its recent fiscal year. Days inventory outstanding 34.2 days Days payable outstanding 45.4 days Days sales outstanding
Prestige Company has determined the following information for its recent fiscal year.
Days inventory outstanding | 34.2 | days |
Days payable outstanding | 45.4 | days |
Days sales outstanding | 73 | days |
Compute Prestige Company's cash conversion cycle.
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
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