Inmoo Company's Average Age of Accounts Receivable Is 45 Days,the

question 95

Multiple Choice

Inmoo Company's average age of accounts receivable is 45 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle?

• A)63 days
• B)67 days
• C)70 days
• D)74 days
• E)78 days

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Definitions:

Transductive Reasoning

Reasoning from the specific to the specific. (In deductive reasoning, one reasons from the general to the specific; in inductive reasoning, one reasons from the specific to the general.)

Memory

The processes by which we store and retrieve information.

Egocentrism

A cognitive trait where an individual is unable to understand or assume any perspective other than their own.

One-dimensional Thinking

A thinking process that is superficial and lacks depth, often focusing on a single aspect of a situation.