Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if the average age of inventory is 60 days, the average age of a/payable is 30 days, and the average age of a/receivable is 45

if the average age of inventory is 60 days, the average age of a/payable is 30 days, and the average age of a/receivable is 45 days, the number of days in the cash for cycle is

  • 135 days
  • 105
  • 75
  • 90

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2018

Authors: Bernard J. Bieg, Judith Toland

28th edition

1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040

More Books

Students also viewed these Accounting questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago