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What is the cash conversion cycle for a company with $4.2 million average inventories, $2.4 million average accounts payable, a receivables period of 35 days, and an annual cost of goods sold of $25.2 million? a) 38 days b) 51 days c) 61.07 days d) 76 days

What is the cash conversion cycle for a company with $4.2 million average inventories, $2.4 million average accounts payable, a receivables period of 35 days, and an annual cost of goods sold of $25.2 million? a) 38 days b) 51 days c) 61.07 days d) 76 days

Intermediate Financial Management (MindTap Course List)
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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What is the cash conversion cycle for a company with $4.2 million average inventories, $2.4 million average accounts payable, a receivables period of 35 days, and an annual cost of goods sold of $25.2 million? a) 38 days b) 51 days c) 61.07 days d) 76 days
Transcribed Image Text:What is the cash conversion cycle for a company with $4.2 million average inventories, $2.4 million average accounts payable, a receivables period of 35 days, and an annual cost of goods sold of $25.2 million? a) 38 days b) 51 days c) 61.07 days d) 76 days
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