(Answered) Assume that a company has 20 million in revenue and its

Management Studies

Assume that a company has $20 million in revenue and its cost of goods sold is 70% of its sales. Additionally, the firm has $3 million of inventories, $2 million in payables, and $2 million in receivables. What's the firm's cash conversion cycle (CCC)?

CCC= (Days Inv Out+Days sales Out-Days payable out) / (inv/sales)(acct receivable/net credit sales)(accout payable/cost of sales)
Can you provide some guidance?

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