Inmoo Company's average age of accounts receivable is 45 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle?
A)63 days
B)67 days
C)70 days
D)74 days
E)78 days

Question

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The Answer of Inmoo Company's average age of accounts receivable is 45 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle?
A)63 days
B)67 days
C)70 days
D)74 days
E)78 days

Inmoo Company's Average Age of Accounts Receivable Is 45 Days,the