Multiple Choice
Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable.Its average daily sales are $120,000.The company's payables deferral period (accounts payable divided by daily purchases) is 30 days.What is C&K's cash conversion cycle?
A) 24
B) 26
C) 27
D) 28
Correct Answer:
Verified
Correct Answer:
Verified
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