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Horizon Manufacturing has an inventory turnover of 95 days, an Accounts Payable turnover of 63 days, and an Accounts Receivable turnover of 70 days. What is Horizon Manufacturing's cash conversion cycle?

Horizon Manufacturing has an inventory turnover of 95 days, an Accounts Payable turnover of 63 days, and an Accounts Receivable turnover of 70 days. What is Horizon Manufacturing's cash conversion cycle?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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General accounting

Horizon Manufacturing has an inventory turnover of 95 days, an Accounts Payable turnover of 63 days, and an Accounts Receivable turnover of 70 days. What is Horizon Manufacturing's cash conversion cycle?
Transcribed Image Text:Horizon Manufacturing has an inventory turnover of 95 days, an Accounts Payable turnover of 63 days, and an Accounts Receivable turnover of 70 days. What is Horizon Manufacturing's cash conversion cycle?
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