Becker.com has an inventory turnover ratio of 52,an accounts receivable balance of $365,000,average daily credit sales of $36,500,accounts payable of $182,500 and cost of goods sold of $7,993,500.What is Becker's cash conversion cycle to the nearest day?
A) 17 days
B) 61 days
C) 27 days
D) -27 days
Correct Answer:
Verified
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