ML has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days O 34 days O 46 days O 31 days O 38 days 42 days
ML has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days O 34 days O 46 days O 31 days O 38 days 42 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:ML has the following data. What is the firm's cash conversion cycle?
Inventory conversion period = 50 days
Average collection period = 17 days
Payables deferral period = 25 days
34 days
46 days
31 days
38 days
O 42 days
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