Westerly Industries has the following financial information. What is its cash conversion cycle ? Sales ........100,000 Cost

Question:

Westerly Industries has the following financial information. What is its cash conversion cycle?

Sales ………………………......…..100,000

Cost of Goods Sold ……………80,000

Accounts Receivable …………..30,000

Inventory ………………......………15,000

Accounts Payable ……………...40,000

Cash Conversion Cycle
Cash 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,...