Whittington Inc

question 77

Multiple Choice

Whittington Inc. has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 41 days
Receivables collection period = 31 days
Payables deferral period = 38 days

• A) 31 days
• B) 34 days
• C) 37 days
• D) 41 days
• E) 45 days

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Definitions:

Tenant-Days

A metric used in real estate or hospitality to measure the total number of days all units are rented out over a specific period.

Spending Variance

The difference between the actual amount spent on a particular expense category and the budgeted or planned amount for that category.

Food And Supplies

Items consumed or used in the operation of a business, particularly in industries like catering or hospitality.

Tenant-Days

A metric used in real estate or hospitality to measure the total number of days tenants or guests occupy a space.