Cash Conversion Cycle: Your Boss Asks You to Calculate the Company's

question 33

Multiple Choice

Cash conversion cycle: Your boss asks you to calculate the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $126,300, accounts receivable were $97,900, and accounts payable were at $115,100. You also see that the company had sales of $324,000 and that cost of sales was $282,000. What is your company's cash conversion cycle? Round to the nearest day.

• A) 119 days
• B) 34 days
• C) 57 days
• D) 125 days

---

Definitions:

State-Supported Schools

Institutions primarily funded and managed by the government aimed at providing free or affordable education to the public.

Liberty

The situation in which an individual is not subject to overbearing restrictions by power figures on their lifestyle, behavior, or political thought.

Religious Liberty

The freedom to practice and observe one's religion without interference or suppression from the government or any other external forces.

State Constitutions

Legal documents that define the structure, functions, and powers of state government within the United States, each tailored to the specific needs and traditions of the individual state.