Consider the Following Information for the Question(s)below

question 5

Multiple Choice

Consider the following information for the question(s) below.
Hammond Motors had sales of $35 million in 2019 with a cost of goods sold of $20 million.A simplified balance sheet for Hammond appears below (amounts in $ million) :
-Hammond's cash conversion cycle in 2019 is closest to:

• A)22 days.
• B)44 days.
• C)58 days.
• D)66 days.

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Definitions:

Military Power

The might or strength of a country's armed forces, encompassing its capacity to defend itself against threats and to exert influence or coercion, often measured by the size, technology, and capability of its military.

Economic Development

Economic development is the process by which a country, region, or community improves the economic, political, and social well-being of its people, often through targeted policies and initiatives to spur growth and reduce poverty.

Watershed Year

A critical turning point marking a moment of significant change in history or in one's life.

International Trade

The exchange of goods, services, and capital across international borders or territories, influencing global economy, politics, and the standard of living.