What is the cash conversion cycle for XYZ Company, based on the following information? Inventory: $20,000 Daily purchases: $1,000 Receivables: $12,000 Daily revenue: $4,000 Payables: $8,000 Daily purchases: $800

What is the cash conversion cycle for XYZ Company, based on the following information? Inventory: $20,000 Daily purchases: $1,000 Receivables: $12,000 Daily revenue: $4,000 Payables: $8,000 Daily purchases: $800

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 10P

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