Online MBA Degree Program. FIN571 Final Exam Answer 12.
Stony Products has an inventory conversion period (ICP) of about 60.83 days. The receivables collection period (RCP) is 36.50 days. The payables deferral period (PDP) is about 30.42 days. What is Stony's cash conversion cycle (CCC)?
A. about 66 days |
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B. about 68 days |
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C. about 69 days |
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D. about 67 days |
