IIA Exam IIA-ACCA Topic 11 Question 76 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 76
Topic #: 11

An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

A26 days.

B90 days.

C100 days.

D110 days.

Show Suggested Answer

Suggested Answer: B

by Callie at May 11, 2024, 02:41 AM

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