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Estimate of the firm current cash conversion cycle

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You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm's current cash conversion cycle?

Current inventory = P120,000
Annual Sales = P600,000
Accounts receivable = P157,808
Accounts payable = P25,000
Total annual purchases = P365,000
Purchase credit terms: net 30 days
Receivable credit terms: net 50 days

a. 49 days
b. 193 days
c. 100 days
d. 168 days
e. 144 days

Reference no: EM132692305

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