Calculate the cash conversion cycle for this financial accounting question Sterling Enterprises has the following metrics for 2015:Amount in DaysDays Sales OutstandingPayables Outstanding201542.728.4Days Inventory Outstanding 64.3Calculate the cash conversion cycle for Sterling Enterprises in 2015.

Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) is a financial…

Answered: Sterling Enterprises has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 12P

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Sterling Enterprises has the following metrics for 2015: Amount in Days Days Sales Outstanding Payables Outstanding 2015 42.7 28.4 Days Inventory Outstanding 64.3 Calculate the cash conversion cycle for Sterling Enterprises in 2015.