How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask John Mark Your Own Question
John Mark
John Mark, Accountant
Category: Finance
Satisfied Customers: 840
Experience:  ACCA
Type Your Finance Question Here...
John Mark is online now
A new question is answered every 9 seconds

Stony Products has an inventory conversion period (ICP) of

Resolved Question:

Stony Products has an inventory conversion period (ICP) of about 70 days. The receivables collection period (RCP) is 30 days. The payables deferral period (PDP) is about 40 days. What is Stony's cash conversion cycle (CCC)?
A. 100 days
B. 60 days
C. 140 days
D. 70 days
Submitted: 5 years ago.
Category: Finance
Expert:  John Mark replied 5 years ago.
dear friend,

B. 60 days

i.e. 70+30-40

John Mark and other Finance Specialists are ready to help you

Related Finance Questions