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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

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