Suppose you are told that the cash conversion period ccp is, Ask an Expert

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Suppose you are told that the cash conversion period (CCP) is 12.4 days for a company. Based on a 365-day year, if this company has a receivables turnover of 12x and an inventory turnover of 16.2x, determine the following:

a.) What is the payables turnover ratio for the company?

b.) If the company's average annual accounts payable.

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Category:- Basic Finance
Reference No.:- M9996252

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