A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm's cash conversion cycle is
A) 150 days.
B) 90 days.
C) 112 days.
D) 8 days.

Question

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The Answer of A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm's cash conversion cycle is
A) 150 days.
B) 90 days.
C) 112 days.
D) 8 days.

A Firm Has an Average Age of Inventory of 101