Multiple Choice
Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days.Assuming a 365-day year, what is the length of its cash conversion cycle?
A) 63 days
B) 67 days
C) 70 days
D) 74 days
E) 78 days
Correct Answer:
Verified
Correct Answer:
Verified
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