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What is bmc co cash conversion cycle

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Problem 1: BMC Co. has an average A/R balance of P1,250,000, average inventory balance of P1,750,000, and average accounts payable balance of P800,000. Its annual sales are P12,000,000 and its cost of goods sold represents 80% of annual sales. Assume there are 365 days in a year. What is BMC Co.'s cash conversion cycle?

Option 1: 60.83 days
Option 2: 84.15 days
Option 3: 53.23 days
Option 4: 72.28 days
Option 5: 100.55 days

Reference no: EM132899846

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