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I’m working on a accounting question and need an explanation and answer to help me learn.

The cash conversion cycle (CCC) is a metric that illustrates the amount of time it takes a firm to convert investments within their inventory into cash. The cash conversion cycle formula calculates the amount of time, in days, it takes for a company to turn its resource inputs into cash.Â

The cash conversion cycle formula is: CCC = DIO + DSO â€“ DPO

1. Discuss the benefits the company stands to gain by accurately determining the cash conversion cycle (CCC).

2. Discuss how an increase in the DPO will impact the cash conversion cycle?

3. How can this hurt a company?

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