It takes a company 80 days to convert its purchased raw materials into sold inventory, 50 days
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It takes a company 80 days to convert its purchased raw materials into sold inventory, 50 days to collect on its receivables from its customers, and 30 days to pay its own suppliers. This company has an operating cycle closest to:
A. 60 days.
B. 100 days.
C. 130 days.
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Related Book For
Analysis Of Financial Statements
ISBN: 9781118299982
3rd Edition
Authors: Frank J. Fabozzi, Pamela Peterson Drake
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