hi expert please help me financial accounting The Loud Noise Recordings Corporation has forecastedsales of $30,000,000 for next year and expects its cost ofgoods sold (COGS) to remain at 80% of sales. Currently,the firm holds $3,200,000 in inventories, $2,300,000 inaccounts receivable, and $2,600,000 in accounts payable.What is the length of Loud Noise Recordings' cashconversion cycle (CCC)?a. 46.39 daysb. 37.11 daysc. 44.53 daysd. 38.97 days

Step 1: Definition of Cash Conversion Cycle (CCC)The cash conversion cycle (CCC) measures the time…

Answered: The Loud Noise Recordings Corporation…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 3MC

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