Question: (Learning Objective 4: Calculating cash conversion cycle) You are analyzing the effectiveness of the trading operations of CMI Limited. Extracts of its fi nancial statements

(Learning Objective 4: Calculating cash conversion cycle) You are analyzing the effectiveness of the trading operations of CMI Limited. Extracts of its fi nancial statements are provided below.

❙ Requirement 1. Calculate CMI’s cash conversion cycle for 20X8. What is your assessment of CMI’s cash conversion cycle?

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