Answered: Jordan Enterprises has inventory days…

Jordan Enterprises has inventory days of 52, accounts receivable days of 25, and accounts payable days of 34. What is its cash conversion cycle? A.) 43 days B.) 58 days C.) 65 days D.) 72 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Question

4 POINTS

Jordan Enterprises has inventory days of
52, accounts receivable days of 25, and
accounts payable days of 34. What is its
cash conversion cycle?
A.) 43 days
B.) 58 days
C.) 65 days
D.) 72 days

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