Question
GPR, Inc., has an inventory turnover of 18.96 times, a payables turnover of 11.19 times, and a receivables turnover of 8.26 times. What is the
GPR, Inc., has an inventory turnover of 18.96 times, a payables turnover of 11.19 times, and a receivables turnover of 8.26 times. What is the length of the company's cash cycle? Assume 365 days per year.
A. 16.03 days
B. 57.56 days
C. 44.19 days
D. 96.06 days
E. 30.82 days
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
