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

---

Definitions:

Capital Campaigns

Intensive fundraising efforts undertaken by non-profits and other organizations to raise significant funds for a specific purpose, often for building projects or endowments.

Special Events

Planned gatherings or activities organized to celebrate, commemorate, or achieve a purpose, used in marketing, public relations, or cultural contexts.

Nonprofit Sector

A segment of the economy composed of organizations that are dedicated to furthering a social cause and providing a public benefit, operating without the primary goal of profit.

New Positions

Job roles or titles that have been recently created within an organization, often to address emerging needs, trends, or strategic goals.