Stony
Products has an inventory conversion period (ICP) of about 60.83 days.
The receivables collection period (RCP) is 36.50 days. The payables
deferral period (PDP) is about 30.42 days. What is Stony’s cash
conversion cycle (CCC)?
A. about 66 days
B. about 67 days
C. about 68 days
D. about 69 days
A. about 66 days
B. about 67 days
C. about 68 days
D. about 69 days
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