Timberline Manufacturing has an inventory turnover of 95 days, an accounts payable turnover of 65 days, and an accounts receivable turnover of 78 days. What is Manufacturing's cash Timberline conversion cycle?
Timberline Manufacturing has an inventory turnover of 95 days, an accounts payable turnover of 65 days, and an accounts receivable turnover of 78 days. What is Manufacturing's cash Timberline conversion cycle?
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...
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What is manufacturing cash conversion cycle?

Transcribed Image Text:Timberline Manufacturing has an
inventory turnover of 95 days, an
accounts payable turnover of 65 days,
and an accounts receivable turnover of
78 days. What is
Manufacturing's cash
Timberline
conversion
cycle?
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