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Question Accounting-Cash conversion cycle: Pem Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?

Question Accounting-Cash conversion cycle: Pem Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 3P
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Question Accounting-Cash conversion cycle: Pem Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?
Transcribed Image Text:Question Accounting-Cash conversion cycle: Pem Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?
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