Fireside Inc. has the following data. What is the firm's cash conversion cycle?
$\begin{array}{lccc}
\text { Inventory conversion period = }& 38 days\
\text { Average collection period = }& 19 days \
\text { Payables deferral period = }& 20 day
\end{array}$

Question

Fireside Inc. has the following data. What is the firm's cash conversion cycle?
 $\begin{array}{lccc}
\text { Inventory conversion period  = }& 38 days\
\text { Average collection period  = }& 19 days \
\text { Payables deferral period = }& 20 day
\end{array}$

Quizplus · Accepted Answer

$\begin{array}{lccc}
\text { Inventory conversion period  = }& 38 days\
\text { Average collection period  = }& 19 days \
\text { Payables deferral period = }& 20 day
\end{array}$
 
CCC = Inv. conv. period + Avg. coll. period σ Pay. def. period = 37 days

Fireside Inc A) 33 Days B) 37 Days C) 41 Days D)

Fireside Inc A) 33 Days
B) 37 Days
C) 41 Days
D)