A Firm Purchased Raw Materials on Account and Paid for Them

Multiple Choice

A firm purchased raw materials on account and paid for them within 30 days. The raw materials were used in manufacturing a finished good sold on account 100 days after the raw materials were purchased. The customer paid for the finished good 60 days later. The firm's cash conversion cycle is ________ days.

A) 10
B) 70
C) 130
D) 190