Inmoo Company's average age of accounts receivable is 68 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) 113 days
B) 76 days
C) 97 days
D) 104 days
E) 114 days
Correct Answer:
Verified
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