Renald Corp

question 78

Multiple Choice

Renald Corp. estimates that the company takes 27 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 43 days and days sales' outstanding of 45 days. What is its cash conversion cycle?

• A) 61 days
• B) 115 days
• C) 57 days
• D) 46 days

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Definitions:

United States

A country located in North America, comprising 50 states, a federal district, and several territories, known for its diverse geography and multicultural population.

Market Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Jazz Festival

A musical event focusing primarily on jazz music, often featuring performances by various artists.

Scalping

The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.