2. In the working capital management, we know about cash conversion cycle model. For problem if average inventories are $3 million and sales are $11 million If receivables are $ 657.535 and sales are $ 11 million. Then, if its cost of goods sold are $9 million per year and if its accounts payable average $ 657.535. What is the length of the cash conversion sicle?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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2. In the working capital management, we know about cash conversion cycle model. For
problem if average inventories are $3 million and sales are $11 million. If receivables are
$ 657.535 and sales are $ 11 million. Then, if its cost of goods sold are $9 million per year
and if its accounts payable average S 657.535. What is the length of the cash conversion
cicle?
Transcribed Image Text:2. In the working capital management, we know about cash conversion cycle model. For problem if average inventories are $3 million and sales are $11 million. If receivables are $ 657.535 and sales are $ 11 million. Then, if its cost of goods sold are $9 million per year and if its accounts payable average S 657.535. What is the length of the cash conversion cicle?
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