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Summit Industries has an inventory turnover of 82 days, an Accounts Payable turnover of 55 days, and an Accounts Receivable turnover of 65 days. What is Summit Industries' cash conversion cycle?

Summit Industries has an inventory turnover of 82 days, an Accounts Payable turnover of 55 days, and an Accounts Receivable turnover of 65 days. What is Summit Industries' cash conversion cycle?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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Summit Industries has an inventory turnover of 82 days, an Accounts Payable turnover of 55 days, and an Accounts Receivable turnover of 65 days. What is Summit Industries' cash conversion cycle?
Transcribed Image Text:Summit Industries has an inventory turnover of 82 days, an Accounts Payable turnover of 55 days, and an Accounts Receivable turnover of 65 days. What is Summit Industries' cash conversion cycle?
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