Suppose you are told that the cash conversion period ccp is

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Suppose you are told that the cash conversion period (CCP) is 12.4 days for a company. Based on a 365-day year, if this company has a receivables turnover of 12x and an inventory turnover of 16.2x, determine the following:

a.) What is the payables turnover ratio for the company?

b.) If the company's average annual accounts payable.

Reference no: EM13618675

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