Primrose Corp has $15million of sales, $2million of inventories, $3million of receivables and $1million of payables. Its
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Primrose Corp has $15million of sales, $2million of inventories, $3million of receivables and $1million of payables. Its cost of goods sold is 80% of sales and it finances working capital with bank loans at an 8% rate. What is Primrose’s cash conversion cycle (CCC)?
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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Computation of the Primroses cash conversion cycle CCC Gi...View the full answer
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Related Book For 
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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