Question
GPR, Inc., has an inventory turnover of 28.68 times, a payables turnover of 15.87 times, and a receivables turnover of 8.62 times. What is the
GPR, Inc., has an inventory turnover of 28.68 times, a payables turnover of 15.87 times, and a receivables turnover of 8.62 times. What is the length of the company's cash cycle? Assume 365 days per year.
Multiple Choice
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52.62 days
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32.07 days
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78.07 days
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42.34 days
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21.43 days
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
