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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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