A Firm Has a Cash Conversion Cycle of 60 Days

question 228

Multiple Choice

A firm has a cash conversion cycle of 60 days and average collection period of 40 days. The firm's operating cycle is ________ days.

• A) 20
• B) 100
• C) 50
• D) cannot be determined

---

Definitions:

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Hang Up

The act of ending a telephone call, often abruptly.

Sell Them

A directive to persuade individuals to purchase a product or service.

Obtaining Referrals

The process of acquiring new business leads or customers through recommendations from existing customers or contacts.