The Winters Co. has annual sales of £918,700. Cost of goods sold is 55 percent of annual sales and on credit. The firm has an average accounts payable balance of £72,400. How many days on average does it take The Winters Co. to pay its suppliers? (Assume 365 days in a year) A   29 days B   52 days C   34 days D   46 days

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.