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You have been asked by supervisor to figure out the firms cash conversion cycle. After checking the financial statements, you see that the average inventory
You have been asked by supervisor to figure out the firms cash conversion cycle. After checking the financial statements, you see that the average inventory was $20,000, accounts receivables were $15,500, and accounts payables were $12,000. You also notice that the company had sales of $145,000 and that its cost of goods sold was $111,600. Given these numbers, the firms cash conversion cycle is: (Assume 365 days in a year; Do not round intermediate calculations. Round final answer to two decimal places.)
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