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Number of days of receivables 48
37 Number of days of inventory
28 Number of days of payables
?The cash conversion cycle for the company is closest to:
A.57 days.
B.85 days.
C.113 days.
Calculate, classify, and interpret activity, liquidity, solvency, profitability and valuation ratios.Evaluate overall working capital effectiveness of a company, using the operating and cash conversion cycles, and compare its effectiveness with other peer companies.The cash conversion cycle = number of days of inventory + number of days of receivables – number of days of payables =48 +37 –28 =57.
A.57 days.
57 days
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