IF DAYS INVENTORY OUTSTANDING IS 30, DAYS SALES OUTSTANDING IS 25, AND DAYS PAYABLE OUTSTANDING IS 20, WHAT IS THE CASH CONVERSION CYCLE?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter6: Managing Cash Flow
Section6.5: Cash Planning From A Projected Monthly Balance Sheet
Problem 1CC
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IF DAYS INVENTORY OUTSTANDING IS 30, DAYS
SALES
OUTSTANDING IS 25, AND DAYS PAYABLE OUTSTANDING IS 20,
WHAT IS THE CASH CONVERSION CYCLE?
Transcribed Image Text:IF DAYS INVENTORY OUTSTANDING IS 30, DAYS SALES OUTSTANDING IS 25, AND DAYS PAYABLE OUTSTANDING IS 20, WHAT IS THE CASH CONVERSION CYCLE?
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