National Co. has an inventory conversion period of 65 days, a receivables conversion period of 42 days, and a payments cycle of 33 days. What is the length of firm's cash conversion cycle?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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National Co. has an inventory conversion period of 65 days, a receivables conversion period of
42 days, and a payments cycle of 33 days. What is the length of firm's cash conversion cycle? *
Format: 11
Transcribed Image Text:National Co. has an inventory conversion period of 65 days, a receivables conversion period of 42 days, and a payments cycle of 33 days. What is the length of firm's cash conversion cycle? * Format: 11
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