Working Capital Management for Carroll & King Corporation
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Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is C&K's cash conversion cycle?
A. 24
B. 26
C. 27
D. 28
E. 30
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Working Capital Management
Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The company's ...
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