Multiple Choice
Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000.
A) 180 days
B) 90 days
C) 60 days
D) 45 days
Correct Answer:
Verified
Correct Answer:
Verified
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