A company has revenue of $2,043,693, accounts receivable of $159,503, average inventory of $71,505, and accounts payable of $157,210.How many days are the operating cycle (OC) and the cash conversion cycle (CCC) ?
A) OC=12.77 and CCC=28.49
B) OC=13.18 and CCC=41.26
C) OC=41.26 and CCC=13.18
D) OC=41.26 and CCC=28.08
Correct Answer:
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