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Prestige Company has determined the following information for its recent fiscal year. Days inventory outstanding 3 4 . 2 days Days payable outstanding 4 5

Prestige Company has determined the following information for its recent fiscal year.
Days inventory outstanding 34.2 days
Days payable outstanding 45.4 days
Days sales outstanding 73 days
Compute Prestige Companys cash conversion cycle.
Select one:
a.
61.8 days
b.
6.6 days
c.
84.2 days
d.
79.6 days
e.
None of the above

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