Carroll & King Corporation Has $5 Million of Inventory and $2

question 86

Multiple Choice

Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable.Its average daily sales are $120,000.The company's payables deferral period (accounts payable divided by daily purchases) is 30 days.What is C&K's cash conversion cycle?

• A)24
• B)26
• C)27
• D)28

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