Homework Answers
Answer:
Use of traditional United States postal service is incorrect,
Rest of the options are recommended for reducing a float
--------------------
Cash conversion = DIO + DSO – DPO
where
- DIO stands for Days Inventory Outstanding
- DSO stands for Days Sales Outstanding
- DPO stands for Days Payable Outstanding
DPO = 28 days
DSO = 30 days
DIO = 48 days
cash conversion = 48 + 30 - 28 = 50 days.
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