Probleminmoo companys average age of accounts receivable is, Ask an Expert

Accounting

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Inmoo Company's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days.

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Question: Assuming a 365-day year, what is the length of its cash conversion cycle?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169628

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