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The days payable outstanding of Ilene Enterprises is 17.3, the days sales outstanding is 15.6 and an average of 14.2 days inventory outstanding. has inventory
The days payable outstanding of Ilene Enterprises is 17.3, the days sales outstanding is 15.6 and an average of 14.2 days inventory outstanding. has inventory days of 24.69, payables days of 35.35 and receivables days of 32.75. Calculate Ilene Enterprises cash conversion cycle. Question 20 Answer a. 12.50 days b. 13.29 days c. 17.41 days d. 11.79 days
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