JENNY Processing Company is engaged in the manufacture of rattan furniture primarily designed for the foreign market. the inventory conversion period of JENNY is 40 days on average while its payable...

Extracted text: JENNY Processing Company is engaged in the manufacture of rattan furniture primarily designed for the foreign market. the inventory conversion period of JENNY is 40 days on average while its payable deferral period has an average of 20 days. The company, based on its past year's has experience, has a receivable collection period of 15 days. Compute for its cash conversion cycle * Your answer