Anderson's Ice Cream Has an Average Collection Period of 49

question 59

Multiple Choice

Anderson's Ice Cream 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 Anderson's cash conversion cycle?

• A)96 days
• B)70 days
• C)85 days
• D)132 days

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Definitions:

Laws

Rules and regulations established by society, institutions, or natural phenomena, guiding behavior or processes.

Honor

A code or sense of integrity and morality, often associated with fulfilling social obligations, duty, or maintaining one's reputation.

Principles

Fundamental truths, laws, or doctrines that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Pelagius

A theologian of the late 4th and early 5th centuries, known for his teachings on free will and his opposition to the doctrine of original sin.