Question
Carter's Gym Supply currently has an operating cycle of 75.60 days. The company has a goal to increase its inventory turnover from 8.56 times to
Carter's Gym Supply currently has an operating cycle of 75.60 days. The company has a goal to increase its inventory turnover from 8.56 times to 9.82 times. What will the company's new operating cycle be if it can achieve this goal? Assume 365 days per year.
Multiple Choice
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81.07 days
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75.60 days
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38.43 days
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70.13 days
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32.96 days
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Investments
Authors: Zvi Bodie
12th Edition
1260819426, 9781260819427
