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What is the firm investment in account receivables

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Reference no: EM133039166

Question - The MED Ltd has an inventory conversion period of 72 days, a receivables collection period of 40 days, and a payable referral period of 30 days.

-What is MED Ltd's cash conversion cycle?

-If MED Ltd's annual sales are Tshs 450 Million and all sales are on credit what is the firm's investment in account receivables?

-How many times per year does MED Ltd turn over its inventory?

-Of what use would the above information be to the finance managers of the firm in different industries?

Reference no: EM133039166

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