Twin Peaks Industries has an inventory turnover of 112 days, an Accounts Payable turnover of 77 days, and an Accounts Receivable turnover of 82 days. Twin Peaks' cash conversion cycle is how many days?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
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Financial Accounting

Twin Peaks Industries has an inventory turnover of 112
days, an Accounts Payable turnover of 77 days, and an
Accounts Receivable turnover of 82 days. Twin Peaks' cash
conversion cycle is how many days?
Transcribed Image Text:Twin Peaks Industries has an inventory turnover of 112 days, an Accounts Payable turnover of 77 days, and an Accounts Receivable turnover of 82 days. Twin Peaks' cash conversion cycle is how many days?
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