For the Crestview Manufacturing Company, the average age of accounts receivable is 50 days, the average age of accounts payable is 40 days, and the average age of inventory is 68 days. Assuming a 365-day year, what is the length of the firm's cash conversion cycle?

For the Crestview Manufacturing Company, the average age of accounts receivable is 50 days, the average age of accounts payable is 40 days, and the average age of inventory is 68 days. Assuming a 365-day year, what is the length of the firm's cash conversion cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 2P

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