Marshall Manufacturing Has an ACP of 60 Days, an Inventory

question 252

Multiple Choice

Marshall Manufacturing has an ACP of 60 days, an inventory turnover of 6, and turns its payables over once a month. How long is Marshall's cash conversion cycle? (Assume a 360-day year)

• A)30 days
• B)60 days
• C)90 days
• D)120 days

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