ICAP CFAP
ICAP Certified Finance and Accounting Professional (CFAP), Pakistan
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Exam overviewPractice session
National Foods reported annual credit sales of PKR 1,800 million and annual cost of goods sold of PKR 1,200 million for the year ended 30 June 2026 (assuming a 360-day year). At year-end, the balance sheet showed: Inventories PKR 240 million; Trade Receivables PKR 300 million; and Trade Payables PKR 150 million. What is the company's Cash Conversion Cycle (CCC)?
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