Question
Your firm has a cash conversion cycle of 170 days; a sale to cash conversion period of 70 days; and purchase to payment conversion period
Your firm has a cash conversion cycle of 170 days; a sale to cash conversion period of 70 days; and purchase to payment conversion period of 50 days. Find the value of the inventory-to-sale conversion period of the firm.
Please show all calculations and the formulas used as i cannot figure this out myself
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
