The companys payables deferral period is 493 days what is


ABC has $41 million of inventory and $38 million of accounts receivable. Its average daily sales are $875,000 and its gross profit margin is 20 percent. The company’s payables deferral period is 49.3 days. What is the length of the firm's cash conversion cycle?

 

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Financial Management: The companys payables deferral period is 493 days what is
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