If you give me correct answer this general accounting question ?? Mountain Peak Manufacturing has a payment cycle of 25 days, acollection cycle of 45 days, and a production cycle of 20 days. Whatis the average cash conversion cycle for Mountain PeakManufacturing?A) 65 daysB) 40 daysC) 90 daysD) 70 days

The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments…

Answered: Mountain Peak Manufacturing has a…

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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Mountain Peak Manufacturing has a payment cycle of 25 days, a collection cycle of 45 days, and a production cycle of 20 days. What is the average cash conversion cycle for Mountain Peak Manufacturing? A) 65 days B) 40 days C) 90 days D) 70 days