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Question 16 A critical part of any company analysis is the computation of the cash conversion cycle. One of the key components of this cycle
Question 16 A critical part of any company analysis is the computation of the cash conversion cycle. One of the key components of this cycle is the days of inventory. You have gathered this financial data for AMD and NVDA: In 2020, AMD had cost of goods sold of $3,456,789 and the inventory account was $324,678. NVDA has a cost of goods sold of $7,654,321 with inventory of $456,789. Which of the following statements is the most accurate as it pertains to the cash conversion cycle? NVDA has the lowest days of inventory. B Both AMD and NVDA have virtually identical days of invetory. NVDA has the highest days of Inventory. AMD has the lowest days of Inventory. 5 Points
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