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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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
