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A firm has an operating cycle of 60 days, days' payable outstanding of 20 days and days' inventory held of 10 days. What is days'
A firm has an operating cycle of 60 days, days' payable outstanding of 20 days and days' inventory held of 10 days. What is days' sales outstanding?
- 110 days
- 70 days
- 90 days
- 50 days
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
