Solved

The Following Information Relates to Dane Corporation

Question 8

Multiple Choice

The following information relates to Dane Corporation:

Inventory conversion period                  55.8 days              
Days sales outstanding                           23.9 days              
Days payables outstanding                     32.5 days

Which of the following is the cash conversion cycle of the company?


A) -0.6 days
B) 112.2 days
C) 79.7 days
D) 64.4 days
E) 47.2 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: All else equal, when a firm purchases

Q4: A(n) _ is a type of legal

Q5: The task of managing working capital accounts

Q6: The following information relates to RAM

Q7: Yesterday, Mars Inc. borrowed $225,000 from its

Q9: The following information relates to Musk Corporation:<br><br>Nventory

Q10: Which of the following mathematical equations is

Q11: The inventory conversion period of a firm

Q12: The inventory conversion period refers to the

Q13: Venus Inc. recently borrowed $750,000 from its