U Tany Company ventures in a teakwood furniture business. Its supplier, Mr Chong had been given a
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U TanyCompanyventuresin ateakwood furniture business. Its supplier, Mr Chong had been givena20-day periodtosettle his payments.
Sales $450,000
Averageinventory $50,000
Account receivables $15,000
360 days in a year
find a) inventory conversion period
b) account receivable conversion period
c) deferred payments period
d) cash conversion cycle period
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