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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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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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