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Hasten Corporation has the following metrics for the year. Amount in days Days sales outstanding 38.3 Days payables outstanding 26 Days inventory outstanding 62.1 The
Hasten Corporation has the following metrics for the year.
| Amount in days | |
|---|---|
| Days sales outstanding | 38.3 |
| Days payables outstanding | 26 |
| Days inventory outstanding | 62.1 |
The cash conversion cycle for the year is:
Select one:
a. 74.4 days
b. 2.2 days
c. 64.3 days
d. 49.8 days
e. None of these are correct.
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Sound Investing, Chapter - Classification Deceit
Authors: Kate Mooney
2nd Edition
0071719385, 9780071719384
