Answer to Question #299380 in Financial Math for Owen

Question

miller biker supply is one of manila as large as bakery needs supplier my life usually sell on credit and on the usual term intake 60 day for a customer received to be collected through in a demand nature of minor product it only takes miller 25 days to sell it supplies after being purchased from the supplier .On the other hand miller make use of a 30 days period before it pays its obligation to its supplier

A.compute the operating cycle

B.compute the cash conversion cycle

Answer 1

A.he should sell it for 25days repeatedly

B.sell it for 30days repeatedly