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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Definitions:

Lowcountry

A geographic and cultural region along the coast of South Carolina, Georgia, and northeast Florida, known for its unique history and cultural heritage.

Mulattoes

Historically a term used to describe individuals born of one white parent and one black parent, but now considered outdated and offensive.

Lower South

Geographical region of the United States, often referencing the states most dependent on slave labor and that seceded first during the Civil War.

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant historical events, cultural shifts, and advancements in various fields such as science and philosophy.