A firm has an operating cycle of 120 days, an average collection period of 40 days, and

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A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm’s average age of inventory is _____days.
A. 80
B. 50
C. 90
D. 70

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Principles of Managerial Finance

ISBN: 978-1408271582

Arab World Edition

Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix

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Question Posted: Apr 30, 2013 07:54 AM

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A firm has an operating cycle of 120 days, an average collection period of 40 days, and

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Principles of Managerial Finance

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