Business, 22.06.2021 09:50 cearacrank
Sevelina Company Ltd (STL) sales all its reach merchandise on credit with an average collection period of 36 days. In the enching Anancial year. STL 900 million and it earned a net propt of 5 percent. Si l's cost of goods sold equals 80 percent of sales and it turned over its inventory & times during the year. SiL has fixed asset totaling izs 200 million and, apart from anventory and receivables, st holds negligible amounts of 9 and marketable secunkes, Ste's payables deferral period is 30 days. Calculate sil's cash conversion cycle.
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