General accounting Robert's International currently has an inventory turnover of 15, areceivables turnover of 18, and a payables turnover of 10. How manydays are in the cash cycle?a. 8 days.b. 74 days.c. 22 days.d. 81 days.e. 45 days.

Step 1: Define Cash Conversion CycleIn the domain of accounting, the cash conversion cycle denotes…

Answered: Robert's International currently has an…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 30MCQ

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Robert's International currently has an inventory turnover of 15, a receivables turnover of 18, and a payables turnover of 10. How many days are in the cash cycle? a. 8 days. b. 74 days. c. 22 days. d. 81 days. e. 45 days.