Problem:
Camp Manufacturing currently has average inventories of 90 days and accounts receivable are typically collected in 60 days. Camp's payables are paid 30 days after the invoice is received. The company has sales of $30,000,000. Using a 365 day year,
Requirement:
Question 1: What is their operating cycle?
Question 2: What is their cash conversion cycle?
Note: Please provide full description.