Question: 3. Based on the IlitchEll Lumber Co. balance sheet , what is the inventory conversion Period amid the QVCTAKE receivables collection period ? How have

3. Based on the IlitchEll Lumber Co. balance sheet , what

3. Based on the IlitchEll Lumber Co. balance sheet , what is the inventory" conversion Period amid the QVCTAKE receivables collection period ? How have these changed AIN'T the past FEW`" Years ? Given that the payables iketernal period has increased From }8 days in 14:47 to 42 days in 1 94^, and is currently at 4} day's, what is the company's cash conversion cycle for each of the three Years' !&quot

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