Dewey Corporation Has the Following Data, in Thousands

question 62

Multiple Choice

Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?

• A) 25 days
• B) 28 days
• C) 31 days
• D) 35 days
• E) 38 days

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Definitions:

Age of Majority

The legally defined age at which a person is considered an adult and is granted the full legal rights and responsibilities of adulthood.

Legal Position

The stance or standpoint taken by a party on legal matters, based on rights, laws, and responsibilities.

Infant

A minor or young child, especially one below the age of legal adulthood.

Binding on Infants

The legal principle that certain contractual agreements, despite involving minors (infants under the law), are enforceable against them, typically involving necessities or education.