Question
3. Carter's currently has a 200 day operating cycle. The company is concentrating on increasing its receivables turnover rate from 10.0 to 12.5 times. What
3. Carter's currently has a 200 day operating cycle. The company is concentrating on increasing its receivables turnover rate from 10.0 to 12.5 times. What will the firm's new operating cycle be if it can effectively make this change?
Group of answer choices
170.80 days
181.97 days
192.70 days
207.30 days
218.03 days
4.
The Green Fiddle decreased its operating cycle from 155 days to 145 days while the cash cycle increased by 10 days. How have these changes affected the accounts payable period?
Group of answer choices
Decreased by 20 days
Decreased by 10 days
No change
Increased by 10 days
Increased by 20 days
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
