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:

Menopause

Menopause is the natural cessation of menstruation that typically occurs in a woman's late 40s to early 50s, marking the end of reproductive years.

Climacteric Factors

Influences related to the period of life in which a person undergoes physiological changes leading to the cessation of reproductive capacity.

Smoking Cessation

The process of discontinuing tobacco smoking.

Physiological Changes

Alterations in the body's normal biological functions, which can occur due to various factors, including age, disease, or environmental conditions.