What is the firm's cash conversion cycle on this accounting question? Cass & Company has the following data:Inventory conversion period 50 daysReceivables collection period 17 daysPayables deferral period25 daysWhat is the firm's cash conversion cycle?

Step 1: Define Cash Conversion CycleThe cash conversion cycle refers to the total time required by a…

Answered: Cass & Company has the following data:…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 3P

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FMT Trading Inc. has the following financial data: Annual sales 10,000,000Cost of goods sold 6,000,000Inventory 2,547,945Accounts receivable 1,643,836Accounts payable 1,200,000 a. What is the firm’s cash conversion cycle?b. Provide interpretations of the cash conversion cycle period of the firm.
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Cass & Company has the following data: Inventory conversion period 50 days Receivables collection period 17 days Payables deferral period 25 days What is the firm's cash conversion cycle?