22) A firm has the following data: Inventory conversion period = 75 days Average collection period = 32 days Payables deferral period = 45 days What is the firm's cash conversion cycle?   1. 5 days.   2. 40 days.   3. 62 days.   4. 88 days.   5. 15 days.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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22) A firm has the following data:

Inventory conversion period = 75 days

Average collection period = 32 days

Payables deferral period = 45 days

What is the firm's cash conversion cycle?

  1.

5 days.

  2.

40 days.

  3.

62 days.

  4.

88 days.

  5.

15 days.

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