In its most recent annual report (all figures reported in $ millions) Briggs & Stratton reported...

In its most recent annual report (all figures reported in $ millions) Briggs & Stratton reported sales of $2,011 million. It also reported that its days' sales in receivables for the year was 43.2 days, days' sales in inventory was 22.6 days, and days' sales in payables was 37.4 days. Calculate the cash conversion cycle for the year and present your answer to one decimal place (e.g., 20.0).

Expert Solution

Cash Conversion Cycle = Days of Sales Outstanding +Days of Inventory Outstanding -Days of Payables Outstanding.

=43.2+22.6-37.4

=28.4 Days

jeff jeffy answered 2 years ago

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