Answer:
37 days
Step-by-step explanation:
Fireside incorporation has the following data
Inventory conversion period = 38 days
Average collection period = 19 days
Payables deferral period = 20 days
Therefore the firm's cash conversion cycle can be calculated as follows
= 38 days + 19 days - 20 days
= 57 days - 20 days
= 37 days
Hence the firm's cash conversion cycle is 37 days