Devon Automotive management estimates that it takes the company 62 days to collect cash from customers on
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Devon Automotive management estimates that it takes the company 62 days to collect cash from customers on finished goods from the day it receives raw materials, and it takes 65 days to pay its suppliers. What is the company’s cash conversion cycle? Interpret your answer.
Cash Conversion CycleCash 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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DPO 65 days Operating cycle 62 days Devonscash conversion cycle Operat...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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