Answered: Polycryo, Inc.'s receivable turnover is…

Polycryo, Inc.'s receivable turnover is eight times, the inventory turnover is four times, and the payables turnover is eleven times. Polycryo's cash conversion cycle is closest to:

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 12P

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

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Polycryo, Inc.'s receivable turnover is eight times, the inventory turnover is four times, and the payables turnover is eleven times. Polycryo's cash conversion cycle is closest to:

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