1. The following information relates to Dane Corporation.
Inventory conversion period 55.8 days
Days sales outstanding 23.9 days
Days payables outstanding 32.5 days
The cash conversion cycle of the company is:?
a. ?47.2 days.
b. ?64.4 days.
c. ?56.4 days.
d. ?79.7 days.
e. ?112.2 days.
2. Which of the following types of inventory financing is generally used when the inventory put up as collateral is relatively low priced, fast moving, and difficult to identify individually??
a. ?Warehouse receipt
b. ?Factoring
c. ?Trust receipts
d. ?Blanket liens
e. ?Recourse