A3. (Cash Conversion Cycle) Lasser has collected some information about a food w

A3. (Cash Conversion Cycle) Lasser has collected some information about a food wholesaler inA3. Cash Conversion Cycle LasserChapter problemsIndividual assignment: Text Problem SetCorporate Financial Management (3rd Edition): Emery Douglas R. Finnerty John D. & Stowe John D. (2007) A3. (Cash conversion cycle) Dennis Lasser has collected some information about a food wholesaler in order to estimate its cash conversion cycle. The accumulated information is given. What will Dennis find the cash conversion cycle to be? Inventory turnover = 10x Inventory conversion period = 365/10 = 36.5 days Receivables turnover = 20x Receivables collection period = 365/20 = 18.25 days Payables turnover = 25x Payables deferral period = 365/25 = 14.6 day