Whereas it took 51 days to collect its receivables the


Northern Manufacturing Company management found that during the last year it took an average of 49 days to pay its suppliers, whereas it took 51 days to collect its receivables. The company’s days’ sales in inventory was 67 days. What was Northern’s cash conversion cycle?

Northern’s cash conversion cycle is _____________ days.

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Financial Management: Whereas it took 51 days to collect its receivables the
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