A firm has an average age of inventory of 20 days, an average collection period of 30 days, and an average payment period of 60 days. The firm's cash conversion cycle is_________ days.
A) 50
B) 110
C) 70
D) -10

Question

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The Answer of A firm has an average age of inventory of 20 days, an average collection period of 30 days, and an average payment period of 60 days. The firm's cash conversion cycle is_________ days.
A) 50
B) 110
C) 70
D) -10

A Firm Has an Average Age of Inventory of 20