Gencom International has inventory days of 33,accounts receivable days of 24,and accounts payable days of 41.What is its cash conversion cycle?
A)17 days
B)118 days
C)22 days
D)50 days
E)16 days

Question

Quizplus · Accepted Answer

The cash conversion cycle is calculated as inventory days plus accounts receivable days minus accounts payable days: 33 + 24 - 41 = 16 days.

Gencom International Has Inventory Days of 33,accounts Receivable Days of 24,and