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Here are several ratios calculated from Midas Company's financial statements: Days in Receivables = 55 Days in Payables = 39 Days in Inventory = 38
Here are several ratios calculated from Midas Company's financial statements:
Days in Receivables = 55
Days in Payables = 39
Days in Inventory = 38
How many days of working capital financing does Midas need to obtain from other sources?
a. | 59 days | |
b. | 56 days | |
c. | 54 days | |
d. | 61 days |
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