Question
A company has an inventory period of 26.4 days, an accounts payable period of 42.5 days, and an accounts receivable period of 34.4 days. What
A company has an inventory period of 26.4 days, an accounts payable period of 42.5 days, and an accounts receivable period of 34.4 days. What is the company's operating cycle?
18.3 days
34.5 days
50.5 days
60.8 days
103.3 days
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
