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Whatisthecashconversioncycleforafirmwith$3millionaverageinventories,$1.5million averageaccountspayable,areceivablesperiodof40days,andanannualcostofgoodssoldof$18 million? A. 14.59days B. 46.25days C. 70.41days D. 136.25days
Whatisthecashconversioncycleforafirmwith$3millionaverageinventories,$1.5million averageaccountspayable,areceivablesperiodof40days,andanannualcostofgoodssoldof$18 million?
A. 14.59days B. 46.25days C. 70.41days D. 136.25days
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