hard · Financial Accounting
A firm has an average inventory of $50,000, annual Cost of Goods Sold (COGS) of $400,000, average accounts receivable of $60,000, and annual Revenue of $600,000. If the average accounts payable is $40,000, what is the Cash Conversion Cycle (CCC)? (Use 365 days)
- 118.6 days
- 9.1 days
- 82.1 days
- 45.6 days
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