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A company sells their inventory in 94 days on average. Their average customer charges purchase on a credit card whereby payment is received in 6
A company sells their inventory in 94 days on average. Their average customer charges purchase on a credit card whereby payment is received in 6 days. On the other hand, it takes 47 days on average to pay for their purchases. Given this information, what is the length of the operating cycle? 135 days 53 days 100 days 88 days
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