Calculate the Sale-To-Cash Conversion Period Based on the Following Information

question 26

Multiple Choice

Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000.

• A)180 days
• B)90 days
• C)60 days
• D)45 days

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Definitions:

Cultural Imperialism

A form of oppression where the dominant group has made their beliefs and values the norms of a society.

Euro-Canadian Culture

The culture stemming from European influences on Canadian society, characterized by its traditions, languages, and heritage.

Residential Schools

Institutions established to assimilate Indigenous children into Euro-Canadian culture, often through forced attendance and resulting in significant cultural and personal traumas.

Ableism

Refers to the set of ideas and attitudes that define “normal” abilities of people, and that allocates inferior status and value to individuals who have developmental, emotional, physical, or psychiatric disabilities.