Jolly Roger Kite Company has a payment cycle of 17 days, a collection cycle of 31 days, and a production cycle of 12 days. What is the average cash conversion cycle for the Jolly Roger Company?
A) 2 days
B) 36 days
C) 26 days
D) 60 days
Answer: C
Explanation: C) Cash Conversion Cycle = Production Cycle + Collection Cycle - Payment Cycle = 12 days + 31 days - 17 days = 26 days.
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