Question
Betty's Kitchen Ltd. currently holds 90 days of inventory, collects accounts receivable in 30 days, and pays accounts payable in 45 days. The length of
Betty's Kitchen Ltd. currently holds 90 days of inventory, collects accounts receivable in 30 days, and pays accounts payable in 45 days. The length of Betty's cash conversion cycle is:
Select one:
a.
-15 days.
b.
15 days.
c.
75 days.
d.
105 days.
e.
165 days.
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
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