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18-06-2024
Business

Answered

Romano Inc. has the following data. What is the firm's cash conversion cycle?
Inventory Conversion Period = 38 days
Receivables Collection Period = 19 days
Payables Deferral Period = 38 days
a. 24 days
b. 14 days
c. 22 days
d. 21 days
e. 19 days

Answer :

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