Your average on hand inventory is $5M (million), your annual…
Questions
Yоur аverаge оn hаnd inventоry is $5M (million), your annual cost of goods sold is $20M, and your annual revenue is $30M. You pay your suppliers 20 days after you receive your goods, and your customers pay you 15 days after you sell them the goods. Therefore, your cash conversion cycle is ______ days. Write answer as an integer (e.g. 70). Assume a 360-day year for calculation purposes. No periods/decimals/quotes.