Calculate the firms cash conversion cycle given that annual sales are $660,000 and cost of goods sold
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Calculate the firm’s cash conversion cycle given that annual sales are $660,000 and cost of goods sold represents 90% of sales. Assume a 365-day year.
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Data given annual sales 660000 sales 90 inventory t...View the full answer
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Ochieng Elphinstone
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Related Book For 
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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