Using the necessary steps, please calculate the cash conversion cycle of a firm with an inventory of $150,000,000, had $ 775,000,000 in sales over the year with a cost of goods sold of $ 581,000,000, receivables of $ 65,000,000, payables of
The cash conversion cycle is given as
Accounts Receivable Days + Inventory Days - Payable Days
Accounts Receivable Days = Accounts Receivable/Per Day Sales
Per Days ...
The solution explains how to calculate the cash conversion cycle