A firm has an average age of inventory of 101 days, an average collect
A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm’s cash conversion cycle is ________ days.
A) 150
B) 90
C) 109
D) 11
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.