Inmoo companyrsquos average age of accounts receivable is, Ask an Expert

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Inmoo Company’s average age of accounts receivable is 38 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?

1. 80 days

2. 67 days

3. 55 days

4. 64 days

5. 76 days

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91613786

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