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dcooper78 dcooper78
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8 months ago
Carroll & King Corporation has $4.5 million of inventory and $2.4 million of accounts receivable. Its average daily sales are $120,000, and its cost of goods sold is 75% of sales. The company’s payables deferral period (accounts payable divided by daily purchases) is 30 days. Assume 365 days in a year. What is C&K’s cash conversion cycle?


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30



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50

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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psstone42psstone42
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8 months ago
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dcooper78 Author
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8 months ago
Brilliant ツ
Zacellison
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Yesterday
This helped my grade so much Perfect
dianeflunder
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2 hours ago
Good timing, thanks!
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