Solved

Suvak Inc Has an Inventory Conversion Period of 30

Question 18

Multiple Choice

Suvak Inc. has an inventory conversion period of 30.42 days and a payables deferral period of 21.29 days. If the firm had sales of $4 million and its cash conversion period is 41.06 days, what is the value of Suvak's accounts receivable? Assume a 365-day year.


A) $300,333
B) $310,986
C) $329,459
D) $349,918
E) $370,154

Correct Answer:

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