Question

+30, D Engineering co. buys.
raw materials from suppliess on four
weeks credit and they are delivered immediately. when the
raw materials are received, Mey are held in the warc house for
live weeks before being used in production. The production process
takes on week and the completed goods are held for two
weeks before finally being sold to creelit customers. The customer
are allowed a maximum credit penod of six weeks. What is the
cash conversion cycle of the business?​

Answer 1

Answer:

The cash conversion cycle (CCC) is a metric that expresses the length of time (in days) that it takes for acompany to convert its investments in inventory and other resources intocash flows from sales.