A firm purchased raw materials on account and paid for them within 30
A firm purchased raw materials on account and paid for them within 30 days. The raw materials were used in manufacturing a finished good sold on account 100 days after the raw materials were purchased.
The customer paid for the finished good 60 days later. The firm’s cash conversion cycle is ________ days.
A) 10
B) 70
C) 130
D) 190
ANSWER
C
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