What is the cash conversion cycle of this financial accounting question? Harrison Enterprises has the following financial data:Inventory Days = 55 daysAccounts Receivable Days = 25 daysAccounts Payable Days = 35 daysWhat is its cash conversion cycle?A.) 45 daysB.) 55 daysC.) 65 daysD.) 75 days

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

Answered: Harrison Enterprises has the following…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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Harrison Enterprises has the following financial data: Inventory Days = 55 days Accounts Receivable Days = 25 days Accounts Payable Days = 35 days What is its cash conversion cycle? A.) 45 days B.) 55 days C.) 65 days D.) 75 days