Jerome Industries has inventory days of 48,accounts receivable days of 21,and accounts payable days of 30.What is its cash conversion cycle?
A)39 days
B)57 days
C)69 days
D)72 days
E)78 days

Question

Quizplus · Accepted Answer

The cash conversion cycle is calculated as Inventory Days + Accounts Receivable Days - Accounts Payable Days, which is 48 + 21 - 30 = 39 days.

Jerome Industries Has Inventory Days of 48,accounts Receivable Days of 21,and