Current Attempt in Progress Marigold Furniture sell high end designer furniture. Most of its inventory is sourced from Europe. The company purchases its inventory FOB shipping point and must pay its European suppliers in advance. Once payment is received the inventory is shipped. On average it takes the inventory 8 weeks to arrive. The company's average inventory turnover is 6 times. Most sales are to corporate clients with an average collection period of 65 days. What is Marigold's cash conversion cycle? (Use 365 days for calculation) O 65 days O 121 days 56 days 182 days

Current Attempt in Progress Marigold Furniture sell high end designer furniture. Most of its inventory is sourced from Europe. The company purchases its inventory FOB shipping point and must pay its European suppliers in advance. Once payment is received the inventory is shipped. On average it takes the inventory 8 weeks to arrive. The company's average inventory turnover is 6 times. Most sales are to corporate clients with an average collection period of 65 days. What is Marigold's cash conversion cycle? (Use 365 days for calculation) O 65 days O 121 days 56 days 182 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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