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

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