Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 28 It takes 62 days on average for Proctor & Gamble to pay off its suppliers. It's Days Sales in Inventory is 72 days

image text in transcribed
Question 28 It takes 62 days on average for Proctor & Gamble to pay off its suppliers. It's Days Sales in Inventory is 72 days and it takes 28 days to collect the cash from customers who made the purchase. What is Proctor & Gamble's Cash Conversion Cycle? 38 days 106 days -38 days 18 days 162 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Behavioral Finance And Investor Types

Authors: Michael M. Pompian

1st Edition

1118011503, 978-1118011508

More Books

Students also viewed these Finance questions