The following information relates to Dane Corporation: Inventory conversion period 55.8 days Days sales outstanding 23.9 days Days payables outstanding 32.5 days Which of the following is the cash conversion cycle of the company?
A. -0.6 days
B. 112.2 days
C. 79.7 days
D. 64.4 days
E. 47.2 days
Answer: E
Business
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