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

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Definitions:

Lincoln Memorial

A national monument in Washington, D.C., dedicated to Abraham Lincoln, the 16th President of the United States.

Informative Presentation

A speech or lecture focused on educating the audience about a particular subject or topic, without persuasion as the primary goal.

Analyze

To examine something in detail in order to understand it better or discover more about it.

Speech Format

The structured arrangement or outline of a speech, including the introduction, body, and conclusion, tailored to the speech's purpose and audience.