Calculate the Sale-To-Cash Conversion Period Based on the Following Information:average

question 16

Multiple Choice

Calculate the sale-to-cash conversion period based on the following information:average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000.

• A)240.0 days
• B)180.0 days
• C)90.0 days
• D)60.0 days
• E)45.0 days

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