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 Beliefs

The shared assumptions, values, and practices that guide the behavior of people within a particular society or cultural group.

NCDA

The National Career Development Association, a professional organization for career counselors and specialists in the United States.

Culturally Responsive

An approach or practice that is respectful of and relevant to the beliefs, practices, culture, and linguistic needs of diverse population groups.

Ethnic Minority Children

Children who belong to racial or ethnic groups that are smaller in number within a particular society or country.