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Step by step instruction 8.1 En-Gene Company has a payment cycle of 50 days, a collection cycle of 47 days, and a production cycle of

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8.1
En-Gene Company has a payment cycle of 50 days, a collection cycle of 47 days, and a production cycle of 49 days. What is the average cash conversion cycle for the En-Gene Company?
Answer 46 days
8.2
Aqua System Inc. has a payment cycle of 92 days, a collection cycle of 69 days, and a production cycle of 15 days. What is the average cash conversion cycle for the En-Gene Company?
Answer -8 Days

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