What the firm''s cash conversion cycle

Reference no: EM13712158

Assume that a firm has a payables deferral period of 40 days, an inventory conversion period of 62 days, and an average collection period of 29 days.
What's the firm's cash conversion cycle?
Assume that all of the firm's sales are on credit. If the firm has annual sales of $4million, what's the accounts receivable investment?

Reference no: EM13712158

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