Inmoo Company's Average Age of Accounts Receivable Is 86 Days,the

question 111

Multiple Choice

Inmoo Company's average age of accounts receivable is 86 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) 116 days
• B) 107 days
• C) 115 days
• D) 139 days
• E) 124 days

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Definitions:

Information Processing Theories

Theories that describe how humans perceive, think, learn, and remember information, emphasizing the mental processes involved.

Interactionism Theories

Theories that emphasize the reciprocal influences between individuals and their environment in shaping behavior.

Genetic Theories

Theories that explain how genes and hereditary factors influence physical traits, behaviors, and diseases.

Original Theory

The initial concept or hypothesis proposed by a researcher or theorist that introduces a new perspective or explanation.