Cash conversion cycle: Your boss asks you to calculate the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $126,300, accounts receivable were $97,900, and accounts payable were at $115,100. You also see that the company had sales of $324,000 and that cost of sales was $282,000. What is your company's cash conversion cycle? Round to the nearest day.
A) 119 days
B) 34 days
C) 57 days
D) 125 days

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The Answer of Cash conversion cycle: Your boss asks you to calculate the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $126,300, accounts receivable were $97,900, and accounts payable were at $115,100. You also see that the company had sales of $324,000 and that cost of sales was $282,000. What is your company's cash conversion cycle? Round to the nearest day.
A) 119 days
B) 34 days
C) 57 days
D) 125 days

Cash Conversion Cycle: Your Boss Asks You to Calculate the Company's