What is the length of the firm's cash conversion cycle on these financial accounting question? For Aurora Manufacturing Ltd., the average age of accountsreceivable is 50 days, the average age of accounts payable is 40days, and the average age of inventory is 68 days. Assuming a365-day year, what is the length of the firm's cash conversioncycle?a) 78 daysb) 78.33 daysc) 90 daysd) 68 days

Step 1: Define Cash Conversion Cycle (CCC)The cash conversion cycle (CCC) is a metric that measures…

Answered: For Aurora Manufacturing Ltd., the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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