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:

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring and determines inherited traits.

Avery, MacLeod, And McCarty

Scientists who demonstrated that DNA is the substance that causes bacterial transformation, establishing the role of DNA in heredity.

Hereditary Material

Refers to DNA or RNA in organisms that carry genetic information passed from parents to offspring.

Autosome

Chromosome of a pair that is the same in males and females; a chromosome that is not a sex chromosome.