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Basic Question 3 of 12
The cash conversion cycle is the time between when inventory is ______
B. paid for and when the cash is collected from its sale.
C. acquired and when cash is received for the sale.
D. acquired and when it is actually sold.
A. acquired and when it is actually paid for.
B. paid for and when the cash is collected from its sale.
C. acquired and when cash is received for the sale.
D. acquired and when it is actually sold.
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Learning Outcome Statements
explain the cash conversion cycle and compare issuers' cash conversion cycles
CFA® 2025 Level I Curriculum, Volume 2, Module 4.