单选题
The cash conversion cycle is the:
A、
sum of the time it takes to sell inventory and the time it takes to collect accounts receivable.
B、
length of time it takes the firm to pay the credit extended to it for purchases.
C、
sum of the time it takes to sell inventory and collect on accounts receivable, less the time it takes to pay for credit purchases.
【正确答案】
C
【答案解析】
Cash conversion cycle = ( average receivables collection period) + ( average inventory processing period) - (payables payment period).
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