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Question 14 5 Points In any analysis of a company is the measure of how well management is using its assets. A critical line item
Question 14 5 Points In any analysis of a company is the measure of how well management is using its assets. A critical line item is the cash account. The inventory turnover is 20 while the accounts receivable turnover is 30. The accounts payable turnover rate is 41. The current ratio is 2.0. Round up answer to nearest whole number. Based on this information, what is the approximate cash conversion cycle in days? A Approximate Cash conversion cycle = 24 days B Approximate Cash conversion cycle = 22 days Approximate Cash conversion cycle = 18 days D Approximate Cash conversion cycle = 39 days
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