Question: Quartz Ltd., a manufacturer and purveyor of timepieces, sells mostly on credit. The company has days inventory outstanding is 30 days, day's sales outstanding of

Quartz Ltd., a manufacturer and purveyor of timepieces, sells mostly on credit.

The company has days inventory outstanding is 30 days, day's sales outstanding

of 40 days and days payables outstanding of 20 days. What is the cash to cash

cycle (or cash conversion cycle, CCC) for Quartz Ltd.?

A. 20 days

B. 30 days

C. 40 days

D. 50 days

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