medium · Financial Accounting financial-statement-analysis-ratios
Highland Foods reports the following: Average Inventory = $60M; COGS = $300M; Average AR = $45M; Revenue = $400M; Average AP = $40M.
Using a 365-day year, what is the Cash Conversion Cycle (CCC)?
- 82 days
- 163 days
- 65 days
- 114 days
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