BP Has an Average Age of Inventory of 60 70

question 33

Multiple Choice

BP has an average age of inventory of 60 70 days, an average collection period of 45 days, and an average payment period of 30 days.Based on this information, BPs cash conversion cycle is ________ days.

• A)2515
• B)3540
• C)4555
• D)5585
• E)none of the above

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Definitions:

Equity Funds

Investment funds that primarily invest in stocks, aiming to provide growth or income to investors.

Bond Funds

Investment funds that pool money from various investors to purchase a diversified portfolio of bonds, providing income and diversification.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used to determine the value of shares in a mutual fund or ETF.

Year-End Assets

The total value of all assets that a company or individual owns at the end of a fiscal year.