Romano Inc.has the following data.What is the firm's cash conversion cycle? $$\begin{array} { l l }
\text { Inventory Conversion Period } = & 38 \text { days } \
\text { Receivables Collection Period } = & 19 \text { days } \
\text { Payables Deferral Period } = & 38 \text { days }
\end{array}$$
?

Question

Romano Inc.has the following data.What is the firm's cash conversion cycle? $$\begin{array} { l l } 
\text { Inventory Conversion Period } = & 38 \text { days } \
\text { Receivables Collection Period } = & 19 \text { days } \
\text { Payables Deferral Period } = & 38 \text { days }
\end{array}$$
?

Quizplus · Accepted Answer

The Answer of Romano Inc.has the following data.What is the firm's cash conversion cycle? $$\begin{array} { l l } 
\text { Inventory Conversion Period } = & 38 \text { days } \
\text { Receivables Collection Period } = & 19 \text { days } \
\text { Payables Deferral Period } = & 38 \text { days }
\end{array}$$
?

Romano Inc ? A) 21 Days B) 24 Days C) 19 Days

Romano Inc ?
A) 21 Days
B) 24 Days
C) 19 Days