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?

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?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Question

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?

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