Reference no: EM132849703

Problem - Topshelfs (Pty) Limited wants to know what the number of days credit taken by their customers (receivable days) is. They asked you to assist them with the calculations. They told you that the period of credit granted by their suppliers (payable days) is 51 days, the cash conversion cycle is 152 days and the number of days inventory on hand (inventory days) is 128 days. What is the number of days credit taken by the customers (receivable days) of Topshelfs (Pty) Limited?

1) 229 days

2) (27 days)

3) 27 days