A firm has a cash conversion cycle of 60 days and average collection period of 40 days. The firm's operating cycle is ________ days.
A) 20
B) 100
C) 50
D) cannot be determined

Question

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The Answer of A firm has a cash conversion cycle of 60 days and average collection period of 40 days. The firm's operating cycle is ________ days.
A) 20
B) 100
C) 50
D) cannot be determined

A Firm Has a Cash Conversion Cycle of 60 Days