Whaley & Whaley Has the Following Data A)31 Days
B)34 Days
C)37 Days
D)41 Days
E)45 Days

question 123

Multiple Choice

Whaley & Whaley has the following data.What is the firm's cash conversion cycle? $\begin{array}{llcc} \text { Inventory conversion period = } & \text {41 days} \\ \text {Average collection period = } & \text {31 days}\\ \text { Payables deferral period = } & \text {38 days}\\\end{array}$

• A)31 days
• B)34 days
• C)37 days
• D)41 days
• E)45 days

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Definitions:

Wholesaler

A person or company that sells goods in large quantities at low prices, typically to retailers rather than directly to end users.

Rack Jobber

A merchandising agent or vendor who rents space within retail stores to sell goods, often responsible for managing inventory and setup.

Consignment

A supply arrangement where goods are left with a third party to sell, but the ownership remains with the supplier until sold.