Jerome Industries Has Inventory Days of 15,accounts Receivable Days of 33,and

question 108

Multiple Choice

Jerome Industries has inventory days of 15,accounts receivable days of 33,and a cash conversion cycle of 41 days.What is its accounts payable days?

• A)23 days
• B)7 days
• C)4 days
• D)33 days
• E)59 days

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Definitions:

Rebuilt Transmission

A vehicle transmission that has been disassembled, inspected, repaired, and reassembled with new or refurbished components to meet original specifications.

Tort Of Deceit

A legal wrong involving intentional misrepresentation or concealment of truth leading to damage or injury to another.

Compensation

Payment or reparation received by someone as a recompense for loss, injury, or suffering.

Misrepresentation

The act of presenting false or misleading statements that lead someone to enter into a contract under mistaken understanding.