Bob's Burgers has an Inventory Turnover of 6.0, an Accounts Receivable Turnover of 8.5, and an...

Question

Question

business accounting

Answer 1

Answer #1

The correct answer is "67.6".

Supporting calculations:

Length Cash Conversion Cycle = (365/Inventory Turnover) + (365/Accounts Receivable Turnover) - (365/Accounts Payable Turnover)

= (365/6.0) + (365/8.5) - (365/10.1)

= 60.8 + 42.9 - 36.1

= 67.6

Answer 2

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