Foxconn makes 16,000 iPods a day at a cost of $15 each. The production process takes 20
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Foxconn makes 16,000 iPods a day at a cost of $15 each. The production process takes 20 days, including delivery. Foxconn pays its suppliers on average after 23 days and gets paid by Apple 60 days after delivery.
How long is Foxconn's cash cycle (in days)?
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Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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