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The following information of the DLLM Company is given: Annual sales are $536,000 ; Annual cost of goods sold are $381,000 ; average accounts receivables
The following information of the DLLM Company is given: Annual sales are $536,000 ; Annual cost of goods sold are $381,000 ; average accounts receivables are $178,000 ; average accounts payables are $176,000 ; and average inventories are $209,000 What is the cash conversion cycle? Question 10Answer a. 248 b. 490 c. 118 d. 153 e. 637
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