Sam & Sons management estimates that it takes the company 34 days on average to pay its suppliers. Management also knows that the company has days’ sales in inventory of 57 days and days’ sales outstanding of 35 days. How does Sam & Sons' cash conversion cycle compare with the industry average of 69 days? Sam & Sons' cash conversion cycle is_____ days Cash conversion cycle is (?) the industry average. The firm is (?) than other firms in the industry in managing its working capital.

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.