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Gates Industries Balance Sheet and Income Statement for the Year

Question 59

Multiple Choice

Gates Industries balance sheet and income statement for the year ending December 31, 1978 are as follows: Gates Industries balance sheet and income statement for the year ending December 31, 1978 are as follows: *Note: Average inventories also equal $12.0 (million) . Determine the length of the firm's cash conversion cycle. A) 102.2 days B) 29.2 days C) 39.6 days D) none of the above/cannot be computed
Gates Industries balance sheet and income statement for the year ending December 31, 1978 are as follows: *Note: Average inventories also equal $12.0 (million) . Determine the length of the firm's cash conversion cycle. A) 102.2 days B) 29.2 days C) 39.6 days D) none of the above/cannot be computed
*Note: Average inventories also equal $12.0 (million) .
Determine the length of the firm's cash conversion cycle.


A) 102.2 days
B) 29.2 days
C) 39.6 days
D) none of the above/cannot be computed

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