Marshall Inc

question 82

Multiple Choice

Marshall Inc.recently hired your consulting firm to improve the company's performance.It has been highly profitable but has been experiencing cash shortages due to its high growth rate.As one part of your analysis,you want to determine the firm's cash conversion cycle.Using the following information and a 365-day year,what is the firm's present cash conversion cycle?
Average inventory =
$75,000
Annual sales =
$600,000
Annual cost of goods sold =
$360,000
Average accounts receivable =
$160,000
Average accounts payable =
$25,000

• A) 120.6 days
• B) 126.9 days
• C) 133.6 days
• D) 140.6 days
• E) 148.0 days

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Definitions:

Quantitative Trait Locus

A section of DNA (locus) that correlates with variation in a quantitative trait in the phenotype of a population.

Stretch of DNA

A sequence of DNA nucleotides that constitutes a specific locus or region on a chromosome, often containing genes and regulatory elements.

Phenotypic Trait

Any observable characteristic of an organism, such as its morphology, development, biochemical or physiological properties, or behavior.

Genetic Mutation

A change in the DNA sequence that may result in the alteration of genetic function or expression.