Question
We have $90,000 in inventory, $40,000 in payables and $105,000 in receivables. Each day we sell $3,000 in goods, purchase $2,000 in raw goods have
We have $90,000 in inventory, $40,000 in payables and $105,000 in receivables. Each day we sell $3,000 in goods, purchase $2,000 in raw goods have $ 5,000 in sales.
What is the length of the payables conversion period?
| a. | 20 days | |
| b. | 40 days | |
| c. | 10 days | |
| d. | 30 days |
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
