Determining the cash conversion cycle of cass company
Cass & Company has the following data. What is the firm's cash conversion cycle?
Inventory conversion period = 50 days
Receivables collection period = 25 days
Payables deferral period = 25 days
a. 34 days
b. 31 days
c. 38 days
d. 42 days
e. 46 days
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