Cass & Company Has the Following Data $=$ 50 Days
Receivables Collection Period

question 104

Multiple Choice

Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory conversion period $=$ 50 days
Receivables collection period $=$ 17 days
Payables deferral period $=$ 25 days

• A) 31 days
• B) 34 days
• C) 38 days
• D) 42 days
• E) 46 days

---

Definitions:

Discount on Bonds Payable

The difference between the face value of a bond and its selling price, when the bond is sold for less than its face value.

Cash

Money in the form of coins or banknotes, especially that of a country or a particular denomination.

Bonds Payable

Long-term liabilities representing borrowed money that the company is obligated to repay to bondholders, typically at fixed interest rates.

Issuance

The process of offering new securities for sale to investors, typically by a corporation or government.