单选题 Study the following information, find out the cash conversation cycle. Receivables Turnover: 30 Inventory Turnover: 15 Payable Turnover: 20

A、

A. 15 days.
B、

B. 18.25 days.
C、

C. 25.34 days.

【正确答案】 B

【答案解析】Cash conversion cycle=receivables days+inventory processing days-payables payment period. Receivables days=365/receivabies turnover=365/30=12.17 days. Inventory processing days=365/inventory turnover=365/15=24.33 days. Payables payment period=365/payables turnover=365/20=18.25days. Cash collection cycle=12.17+24.33-18.25=18.25 days.