Business, 27.11.2019 04:31 axell13965

Parramore corp has $20 million of sales, $3 million of inventories, $2 million of receivables, and $2 million of payables. its cost of goods sold is 80% of sales, and it finances working capital with bank loans at an 6% rate. assume 365 days in year for your calculations. do not round intermediate steps. what is parramore's cash conversion cycle (ccc)?

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Parramore corp has $20 million of sales, $3 million of inventories, $2 million of receivables, and $...

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