The following information relates to Gear Corporation:
Inventory conversion period 68.2 days
Receivables collection period 35.8 days
Payables deferral period 24.6 days
Which of the following is the cash conversion cycle of the company?
A) 128.6 days
B) 79.4 days
C) 57.0 days
D) 79.2 days
E) 60.4 days
Correct Answer:
Verified
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