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:

Bipolar Cell

A type of neuron found in the retina, serving as an intermediate layer that transmits signals from photoreceptors to ganglion cells.

Cone

A type of photoreceptor cell in the retina that is responsible for color vision and works best in relatively bright light.

Light-Sensitive

The characteristic of being responsive or reactive to light, often referring to cells or materials.

Color-Sensitive

Having a heightened responsiveness or sensitivity to colors, which can influence perception, mood, and behavior.