Hollingsworth Candy Products has an inventory turnover of six times per year, a receivables turnover of 10

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Hollingsworth Candy Products has an inventory turnover of six times per year, a receivables turnover of 10 times, and a payables turnover of 12 times. What is Hollingsworth's inventory conversion period, the receivables collection period, and its payables deferral period? What is its cash conversion cycle? Explain what this means to managers and why is this important?
Cash Conversion Cycle
Cash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,...
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