Delta Manufacturing has the following information: Average age of accounts receivable: 40 days Average age of accounts payable: 35 days Average age of inventory: 65 days Assuming a 365-day year, what is Delta's cash conversion cycle? a. 60 days b. 70 days c. 80 days d. 90 days

Delta Manufacturing has the following information: Average age of accounts receivable: 40 days Average age of accounts payable: 35 days Average age of inventory: 65 days Assuming a 365-day year, what is Delta's cash conversion cycle? a. 60 days b. 70 days c. 80 days d. 90 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Delta manufacturing has the following information solve this general accounting question

Delta Manufacturing has the following information:
Average age of accounts receivable: 40 days
Average age of accounts payable: 35 days
Average age of inventory: 65 days Assuming a 365-day year,
what is Delta's cash conversion cycle?
a. 60 days
b. 70 days
c. 80 days
d. 90 days

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