Whaley & Whaley has the following data.What is the firm's cash conversion cycle? $\begin{array}{ll}
\text { Inventory conversion period }= & 41 \text { days } \
\text { Average collection period }= & 31 \text { days } \
\text { Payables deferral period }= & 38 \text { days }
\end{array}$
A) 31 days
B) 34 days
C) 37 days
D) 41 days
E) 45 days

Question

Quizplus · Accepted Answer

The cash conversion cycle is calculated as the inventory conversion period plus the average collection period minus the payables deferral period: $41 + 31 - 38 = 34$ days.

Whaley & Whaley Has the Following Data A) 31 Days B) 34 Days C) 37 Days D)

Whaley & Whaley Has the Following Data A) 31 Days
B) 34 Days
C) 37 Days
D)