Question
25. A firm has an inventory turnover of 8.11, an inventory period of 45 days, average inventory of $650,000, a receivables period of 32 days,
25. A firm has an inventory turnover of 8.11, an inventory period of 45 days, average inventory of $650,000, a receivables period of 32 days, and average payables of $750,000. What is its cash cycle
A) 40 days
B) 34 days
C) 25 days
D) 18 days
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American Commerce And Finance
Authors: Henry Rand Hatfield
1st Edition
1176176927, 9781176176928
