What is the length of the firms cash conversion period, Accounting Basics

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What is the length of the firms cash conversion period

Question:

Eagle Sporting Goods has $5 million in inventory and $2 million in accounts receivable. Its average daily sales are $100,000. The firm's payables deferral period is 30 days. What is the length of the firm's cash conversion period?

1. 100 days.
2. 60 days.
3. 50 days.
4. 40 days.

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Accounting Basics: What is the length of the firms cash conversion period

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Accounting Basics: What is the length of the firms cash conversion period

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