Question
A firm's days of sales outstanding are 23.4, days of inventory on hand are 45.9, and the number of days of payables are 34.7.When credit
A firm's days of sales outstanding are 23.4, days of inventory on hand are 45.9, and the number of days of payables are 34.7.When credit sales are made by the firm, the buyer agrees to pay balances owed in 30 days.
What is the firm's cash conversion cycle?
A.69.3 days
B.34.6 days
C.41.2 days
D.104.0 days
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Accounting Chapters 14-26
Authors: Carl Warren
27th Edition
1337272116, 978-1337272117
