What Is the Cash Conversion Cycle for a Firm with $3

question 89

Multiple Choice

What is the cash conversion cycle for a firm with $3 million average inventories, $1.5 million average accounts payable, a receivables period of 45 days, and an annual cost of goods sold of $18 million?

• A)14.59 days
• B)46.25 days
• C)75.41 days
• D)136.25 days

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Definitions:

Economic Integration

The unification of economic policies and practices between different states through the elimination of tariffs and trade barriers to encourage free trade.

International Communications

The practice of managing and executing communication across different countries and cultures, often involving varied media and messages.

Organization's Story

The narrative an organization crafts to share its values, mission, and culture both internally and with the external community.

Global Communications Plan

A comprehensive strategy outlining how a company communicates internally and externally across different cultures and regions to ensure consistent messaging and brand integrity.