Inmoo Company's Average Age of Accounts Receivable Is 68 Days,the

question 51

Multiple Choice

Inmoo Company's average age of accounts receivable is 68 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle?

• A) 113 days
• B) 76 days
• C) 97 days
• D) 104 days
• E) 114 days

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Definitions:

Fraternal Twin

Siblings born at the same time who have developed from two different eggs fertilized by two different sperm cells, making them genetically unique from each other.

Hemophilia

An X-linked chromosomal disorder involving abnormal blood clotting.

Blood Clot

A mass formed by the coagulation of blood in response to injury or a medical condition, which can impede blood flow.

Dominant Inheritance

A genetic principle in which an allele expresses its phenotype even in the presence of a recessive allele.