An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?
A) 26 days.
B) 90 days.
C) 100 days.
D) 110 days.
Correct Answer:
Verified
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