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 Timberline Manufacturing's cash conversion cycle?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
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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 Timberline Manufacturing's cash conversion cycle?

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