Abbot Corporation Has an Average Collection Period of 49 Days

question 1

Multiple Choice

Abbot Corporation has an average collection period of 49 days, an inventory conversion period of 83 days, and a payables deferral period of 36 days. What is Abbott's cash conversion cycle?

• A) 96 days
• B) 70 days
• C) 85 days
• D) 132 days

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