Clark Corporation Has an Average Collection Period of 7 Days,an

question 48

Multiple Choice

Clark Corporation has an average collection period of 7 days,an inventory conversion period of 30 days,and a payables deferrable period of 60 days.What is Clark's cash conversion cycle?

• A)97 days
• B)37 days
• C)23 days
• D)-23 days

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Definitions:

Scope Of Work

A detailed document that describes the work activities, deliverables, and timelines for a project or a portion of a project.

Project Logic Diagram

A graphical representation that illustrates the sequence and inter-relationship of tasks within a project.

Run Chart

A graphical representation of data over time, often used in process improvement to identify trends, shifts, or patterns.

Step Change

A significant shift or transformation in processes, strategies, or performance, often leading to a new level of organizational efficiency or capability.