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6. Biondi Manufacturing Company (BMC) has an average accounts receivable balance of $1,250,000, an average inventory balance of $1,750,000, and an average accounts payable balance
6. Biondi Manufacturing Company (BMC) has an average accounts receivable balance of $1,250,000, an average inventory balance of $1,750,000, and an average accounts payable balance of $800,000. Its annual sales are $12,000,000 and its cost of goods sold represents 80 percent of annual sales. What is BMC's cash conversion cycle? N. a. 84.15 days W O b.53.23 days c. 72.28 days d. 100.55 days e. 60.83 days 7. Bowa Construction's days sales outstanding is 50 days. The company's accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million. What is the company's inventory turnover ratio? a 5.8.4
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