Question
GPR, Inc., has an inventory turnover of 26.52 times, a payables turnover of 14.83 times, and a receivables turnover of 8.54 times. What is the
GPR, Inc., has an inventory turnover of 26.52 times, a payables turnover of 14.83 times, and a receivables turnover of 8.54 times. What is the length of the company's cash cycle? Assume 365 days per year.
-
42.74 days
-
53.59 days
-
31.89 days
-
20.23 days
-
81.12 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
