Yoyos and Us Ltd is analysing the performance of its cash management department. The store has an inventory turnover of 7.2, an average payment period of 40 days and an average collection period of 60 days. The stores annual outlay is R2 500 000 (assume a 365-day year).

The next two questions apply to the information provided below: Yoyos and Us Ltd is analysing the performance of its cash management department. The store has an inventory turnover of 7.2, an average payment period of 40 days and an average collection period of 60 days. The store's annual outlay is R2 500000 (assume a 365-day year). Question 17: The firm's cash conversion cycle is... 1. 50.69 days. 2. 60.31 days. 3. 70.69 days. 4. 110.69 days