Gencom International Has Accounts Receivable Days of 34,and Accounts Payable

question 121

Multiple Choice

Gencom International has accounts receivable days of 34,and accounts payable days of 52.If its cash conversion cycle is -7 days,what is Gencom's inventory days?

• A)79 days
• B)93 days
• C)7 days
• D)25 days
• E)11 days

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Definitions:

Cooperative Society

An organization owned and operated by a group of individuals for their mutual benefit.

Middle Class

A social group between the upper and working classes, typically inclusive of professionals, business workers, and others with a moderate to high level of income.

Economic Order

A systematic arrangement of activities and institutions that collectively determine the production, distribution, and consumption of goods and services in a society.