BeckerCom Has an Inventory Turnover Ratio of 52, an Accounts

question 101

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) 9 days
• C) 27 days
• D) -27 days

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Definitions:

Major Organic Product

In a chemical reaction, the organic product that is formed in the greatest amount, typically favored by the reaction conditions or kinetics.

Iodomethane

An organoiodine compound with the chemical formula CH3I, used in various chemical reactions.

Reaction Rate

The rate at which substances change into different substances in a chemical process.

Resonance Structures

Different Lewis structures that represent the same molecule, showing the delocalization of electrons.