Stony Products has an inventory conversion period (ICP) of about 60.83 days. - 505

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Price: $1.25
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  • Posted on: Thu 01 Mar, 2012
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Request Description

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 69 days

B. about 66 days

C. about 67 days

D. about 68 days 

Solution Description

Stony Products has an inventory conversion period (ICP) of about 60.83 days.