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BP Has an Average Age of Inventory of 70 Days

question 160

Multiple Choice

BP has an average age of inventory of 70 days, an average collection period of 45 days, and an average payment period of 30 days. Based on this information, BPs cash conversion cycle is ________ days.


Definitions:

Formalized Rules

Officially established regulations and procedures that are defined and enforced by an organization or institution to guide behavior and operations.

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