Prestige Company has determined the following information for its recent fiscal year: Days inventory outstanding 50.6 days Days payable outstanding 85.9 days Days accounts receivable outstanding 42.2 days Compute the length of Prestige Company's cash conversion cycle. O 178.7 days O 128.1 days O 7.5 days O 94.3 days O 6.9 days

Prestige Company has determined the following information for its recent fiscal year: Days inventory outstanding 50.6 days Days payable outstanding 85.9 days Days accounts receivable outstanding 42.2 days Compute the length of Prestige Company's cash conversion cycle. O 178.7 days O 128.1 days O 7.5 days O 94.3 days O 6.9 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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