1. Raviolli Enterprise has an average age of accounts receivable is 45 days. The average age of accounts payable is 40 days and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?

1. Raviolli Enterprise has an average age of accounts receivable is 45 days. The average age of accounts payable is 40 days and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!