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What is their Ccc? Clear my choice Questions 3 to 6 relate to the following scenario: African Batteries CC is in the business of selling
What is their Ccc?
Clear my choice Questions 3 to 6 relate to the following scenario: African Batteries CC is in the business of selling car batteries. Their records reflect that their stock sits on their shelves for an average of 15 days from the time it's stocked until it gets sold. As they deal with a large number of fleet operators, they provide lines of credit to qualifying customers, and these accounts receivable take an average of 53 days to be settled. When they order stock from their head office supplier, they have 30 days from arrival of the stock in which to pay for it which they abide by religiouslyStep by Step Solution
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