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

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

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