Question
What is the inventory conversion period for OBrians if it has sales of $320,000, an average inventory of $5,333, and a cash conversion cycle of
What is the inventory conversion period for OBrians if it has sales of $320,000, an average inventory of $5,333, and a cash conversion cycle of 20 days? Assume that the cost of sales is 55 percent of sales.
A. 11 days
B. 6 days
C. 15 days
D. 13.5 days
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
