You Were Recently Hired as CFO to Improve the Performance

question 108

Multiple Choice

You were recently hired as CFO to improve the performance of Dennis Systems, which is highly profitable but has been experiencing cash shortages due to its high rate of growth. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm's present cash conversion cycle?

• A) 118.4
• B) 124.6
• C) 131.2
• D) 145.3

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Definitions:

Civil Marriage Act

Legislation that defines the legal recognition of marriage, typically without religious affiliation, and often includes provisions for civil unions and partnerships.

Monolithic Bias

The tendency to view a diverse group or category as being more uniform and homogenous than it actually is, often oversimplifying complex social or cultural identities.

Divorce Rates

The statistical measure of how many marriages end in divorce within a given population and time period, often expressed per 1,000 marriages.

Divorce Act

Legislation that regulates the legal process of divorce, defining the conditions, rights, and responsibilities involved in dissolving a marriage.