Cash Conversion Cycle: West Handicrafts, Inc

question 43

Multiple Choice

Cash conversion cycle: West Handicrafts, Inc., has net sales of $423,000 with 30 percent of it being credit sales. Its cost of goods sold is $324,000. The firm's cash conversion cycle is 47.9 days. The firm's operating cycle is 86.3 days. What is the firm's accounts payable? Round to the nearest dollar

• A) $34,087
• B) $126,900
• C) $71,203
• D) $56,322

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