Hammond's cash conversion cycle in 2009 is closest to:
A)22 days
B)44 days
C)58 days
D)66 days

Question

Quizplus · Accepted Answer

D)CCC = accounts receivables days + inventory days - accounts payable days
Accounts Receivable Days = 11ea7cce_3c3b_f1cf_928c_29722aabc416_TB1626_11 = 11ea7cce_3c3b_f1d0_928c_390da1589e41_TB1626_11 = 43.8 days
Inventory Days = 11ea7cce_3c3c_18e1_928c_190991d049ce_TB1626_11 = 11ea7cce_3c3c_18e2_928c_1946ece919ff_TB1626_11 = 54.75 days
Accounts Payable Days = 11ea7cce_3c3c_3ff3_928c_4fbf5851e6ff_TB1626_11 = 11ea7cce_3c3c_3ff4_928c_e306e3bddb7c_TB1626_11 = 32.85 days
CCC = 43.8 days + 54.75 days - 32.85 days - 65.70 days

Hammond's Cash Conversion Cycle in 2009 Is Closest To