A Firm Has an Average Age of Inventory of 101

question 161

Multiple Choice

A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm's cash conversion cycle is ________ days.

• A) 60
• B) 52
• C) 41
• D) 90

---

Definitions:

Consequentialism

A moral theory that suggests the consequences of one's conduct are the ultimate basis for any judgment about the rightness of that conduct.

Cancer Diagnosis

The identification of cancer in an individual, typically involving multiple tests such as biopsies, imaging, and blood tests.

Ethical Principle

Fundamental guidelines that inform ethical decision-making and conduct, such as autonomy, beneficence, non-maleficence, and justice.

Quality of Life

A general concept reflecting individual's overall well-being and satisfaction with life, encompassing various aspects such as health, happiness, and living conditions.