What is its cash conversion cycle, Accounting Basics

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What is its cash conversion cycle

Question: Cash conversion cycle: Pay'nPik Ltd. estimates that it takes the company 27 days on average to pay off its suppliers. It also knows that it has an inventory conversion period of 43 days and receivables conversion period of 45 days. What is its cash conversion cycle? 61 days 115 days 57 days 46 days

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Accounting Basics: What is its cash conversion cycle

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