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:

Cultural Norms

Norms whose origin is part of the tradition of a culture.

Papua New Guinea

Papua New Guinea is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands, known for its diverse cultures and languages.

Value Dimensions

Key aspects or factors that represent the basic principles or beliefs held by an individual or society.

Masculinity-Femininity

Refers to a set of attributes, behaviors, and roles associated with boys and men (masculinity) and girls and women (femininity) within a particular culture.