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Lopez Framing sells its inventory 43.2 days after acquiring it. By prior agreement, it pays its suppliers 48.5 days after taking possession of the inventory.
Lopez Framing sells its inventory 43.2 days after acquiring it. By prior agreement, it pays its suppliers 48.5 days after taking possession of the inventory. It requires customers to pay by credit card; accordingly, it collects its receivables in 4.2 days. Given this information, what is the length of its operating cycle?
Multiple Choice 52.7 days 1.1 days 5.3 days 47.4 days 95.9 days
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