BP has an average age of inventory of 60 days, an average collection period of 45 days, and an average payment period of 30 days.Based on this information, BPs cash conversion cycle is ________ days.
A)55
B)65
C)75
D)85
E)none of the above

Question

Quizplus · Accepted Answer

The Answer of BP has an average age of inventory of 60 days, an average collection period of 45 days, and an average payment period of 30 days.Based on this information, BPs cash conversion cycle is ________ days.
A)55
B)65
C)75
D)85
E)none of the above

BP Has an Average Age of Inventory of 60 Days