Laserscope Has an Inventory Conversion Period of 45 Days, a Receivables

question 43

Multiple Choice

Laserscope has an inventory conversion period of 45 days, a receivables conversion period of 42 days, and a payables deferral period of 51 days. What is the length of its cash conversion cycle?

• A) 54 days
• B) 36 days
• C) 48 days
• D) cannot be determined from the information given

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Definitions:

Virtue Ethics

Virtue ethics focuses on the moral character of an individual as the key element of ethical thinking, rather than rules about the acts themselves or their consequences.

Consequences

The results or outcomes that naturally follow from a specific action or set of conditions, often used in the context of cause-and-effect relationships.

Actions

Steps or measures taken to achieve a goal, execute a plan, or respond to events.

Code Of Ethics

A set of principles designed to guide the conduct of members within an organization, ensuring professional behavior and decision-making.