Smila Company collects from customers in 60 days and pays to suppliers in 40 days. If its

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Smila Company collects from customers in 60 days and pays to suppliers in 40 days. If its Cash Conversion Cycle for 2021 has 55 days, what is the Average Inventory Period (Days Inventory Outstanding) for this company?

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Related Book For answer-question

Principles of Managerial Finance

ISBN: 978-1408271582

Arab World Edition

Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix

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Posted Date: Jun 02, 2023 12:14 AM

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Smila Company collects from customers in 60 days and pays to suppliers in 40 days. If its

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Principles of Managerial Finance

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