Question
Kar's currently has a 195-day operating cycle. The company is concentrating on increasing its inventory turnover rate from 8.9 to 11.50 times. What will the
Kar's currently has a 195-day operating cycle. The company is concentrating on increasing its inventory turnover rate from 8.9 to 11.50 times. What will the firm's new operating cycle be if it can effectively make this change?
206.31 days
209.69 days
207.64 days
208.86 days
207.14 days
I keep getting 185.72.... 195 - 365 / 8.9 + 365 / 11.50
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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
