The ________ is the time period that elapses from the point when the firm uses the raw materials in manufacturing a finished good to the point when the finished good is sold.
A) cash turnover
B) cash conversion cycle
C) average age of inventory
D) average collection period

Question

Quizplus · Accepted Answer

The average age of inventory refers to the time period from when raw materials are used to produce a finished good until that finished good is sold.

The ________ Is the Time Period That Elapses from the Point