For Bayer Enterprises, the following financial data is available: Average Age of Accounts Receivable: 55 days Average Age of Accounts Payable: 40 days Average Age of Inventory: 70 days Assuming a 365-day year, what is the length of Bayer Enterprises' cash conversion cycle?
For Bayer Enterprises, the following financial data is available: Average Age of Accounts Receivable: 55 days Average Age of Accounts Payable: 40 days Average Age of Inventory: 70 days Assuming a 365-day year, what is the length of Bayer Enterprises' cash conversion cycle?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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Transcribed Image Text:For Bayer Enterprises, the following financial data is available:
Average Age of Accounts Receivable: 55 days
Average Age of Accounts Payable: 40 days
Average Age of Inventory: 70 days
Assuming a 365-day year, what is the length of Bayer Enterprises'
cash conversion cycle?
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