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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

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

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 8CDQ
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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
Transcribed Image Text: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
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