Consider the following data from a company's 95-day operating cycle: Payable days: 8 Receivable days: 25...

Question

Question

Consider the following data from a company's 95-day operating cycle:

What is the cash conversion cycle for this company?

Answer 1

✔ Recommended Answer

Answer #1

Cash conversion cycle = Receivable days + Inventory days - Payable days

= 25 + 70 - 8

= 87 days

Correct choice B

Answer 2

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