Post Utme Uniben 2019 Commerce Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Uniben Commerce examination.

Post Utme Uniben 2019 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2019 • COMMERCE • objective

A company's cash conversion cycle (CCC) is the time it takes for a company to sell its inventory and collect its accounts receivable. If a company's inventory turnover is 4 times per year and its accounts receivable turnover is 6 times per year, what is its CCC?

Answer Options

A. 60 days
B. 90 days
Correct Answer C. 120 days
D. 180 days
Correct Answer
C
Correct Option:
120 days

About This Question

This is Post Utme Uniben 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Uniben Commerce examination.

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