The companys payables deferral period accounts payable


Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is C&K's cash conversion cycle?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The companys payables deferral period accounts payable
Reference No:- TGS02746559

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)