A company has $20 million of inventory, $5 million of receivables, and $4 million of payables. Its
Question:
A company has $20 million of inventory, $5 million of receivables, and $4 million of payables. Its annual sales revenue is $80 million, and its cost of goods sold is $60 million. What is its CCC?
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Step by Step Answer:
To calculate the Cash Conversion Cycle CCC for the company we need to use the following form...View the full answer
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Related Book For 
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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