Gencom International Has Inventory Days of 22,and Accounts Payable Days

question 85

Multiple Choice

Gencom International has inventory days of 22,and accounts payable days of 37.If its cash conversion cycle is 28 days,what is Gencom's accounts receivable days?

• A)43 days
• B)31 days
• C)13 days
• D)87 days
• E)29 days

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Definitions:

Financial Expertise

The knowledge and skills related to managing finances, including investment, analysis, and strategic financial planning.

Long-Term Planning

The process of setting goals and outlining strategies to achieve them over an extended period, typically several years.

Existing Family Company

A business that is owned and operated by members of the same family, often passed down through generations.

Entrepreneurial Activity

Initiatives taken by individuals to create, organize, and manage a business venture to make profit, often in the face of risk.