Answer me IF A COMPANY HAS A DAYS INVENTORY OUTSTANDING OF 45 DAYS, DAYS SALES OUTSTANDINGOF 30 DAYS, AND DAYS PAYABLE OUTSTANDING OF 20 DAYS, WHAT IS THE CASH CONVERSIONCYCLE?A) 45 DAYSB) 55 DAYSC) 65 DAYSD) 75 DAYS

Explanation of Cash Conversion Cycle (CCC): The Cash Conversion Cycle (CCC) measures the time it…

Answered: IF A COMPANY HAS A DAYS INVENTORY…

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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IF A COMPANY HAS A DAYS INVENTORY OUTSTANDING OF 45 DAYS, DAYS SALES OUTSTANDING OF 30 DAYS, AND DAYS PAYABLE OUTSTANDING OF 20 DAYS, WHAT IS THE CASH CONVERSION CYCLE? A) 45 DAYS B) 55 DAYS C) 65 DAYS D) 75 DAYS