Consider the following information for the question(s)below.
Hammond Motors had sales of $35 million in 2019 with a cost of goods sold of $20 million.A simplified balance sheet for Hammond appears below (amounts in $ million):
-Hammond's cash conversion cycle in 2019 is closest to:
A)22 days.
B)44 days.
C)58 days.
D)66 days.

Question

Consider the following information for the question(s)below.
Hammond Motors had sales of $35 million in 2019 with a cost of goods sold of $20 million.A simplified balance sheet for Hammond appears below (amounts in $ million): 
-Hammond's cash conversion cycle in 2019 is closest to:
A)22 days. 
B)44 days. 
C)58 days. 
D)66 days.

Quizplus · Accepted Answer

The Answer of Consider the following information for the question(s)below.
Hammond Motors had sales of $35 million in 2019 with a cost of goods sold of $20 million.A simplified balance sheet for Hammond appears below (amounts in $ million): 
-Hammond's cash conversion cycle in 2019 is closest to:
A)22 days. 
B)44 days. 
C)58 days. 
D)66 days.

Consider the Following Information for the Question(s)below