BeckerCom Has an Inventory Turnover Ratio of 52,an Accounts Receivable

question 90

Multiple Choice

Becker.com has an inventory turnover ratio of 52,an accounts receivable balance of $365,000,average daily credit sales of $36,500,accounts payable of $182,500 and cost of goods sold of $7,993,500.What is Becker's cash conversion cycle to the nearest day?

• A)17 days
• B)61 days
• C)27 days
• D)-27 days

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Definitions:

Alkene

Unsaturated hydrocarbons containing at least one carbon-carbon double bond.

Reagents

Chemicals or substances infused into a system to trigger a chemical reaction or to verify the occurrence of a reaction.

Transformation

A process by which one thing changes into another, often applied in the context of mathematical functions, biological metamorphosis, or data manipulation.

Benzophenone

An organic compound with the formula (C6H5)2CO, often used as a photoinitiator or to perfume soaps.