ABC has $32 million of inventory and $31 million of accounts receivable. Its average daily sales are $851,000 and its gross profit margin is 22 percent. The company’s payables deferral period is 54.2 days. What is the length of the firm's cash conversion cycle?

Answer rating: 100% (QA)

The cash conversion cycle CCC is a financial metric that measures the time it takes for a company to ... View the full answer