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
Answer: C
You might also like to view...
Digital technology is fueling massive reintermediation, like when Apple, Sony, and Samsung released a stream of entertainment devices from smart phones to LED TVs and tablets
Indicate whether the statement is true or false
Sole proprietorships in the United States generate more business (in terms of receipts) than partnerships and corporations put together
Indicate whether the statement is true or false
Which of the following statements is true?
A. Research, more than knowledge, leads to the generation of new entries in markets and technologies. B. Knowledge is a valuable entrepreneurial resource that is gained through formal education. C. Knowledge based on experience is unlikely to be learned in a classroom. D. Knowledge is easily communicated and common.
Products should be designed to ensure ______ time between failures.
a. short b. equal c. long d. unequal