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Please Help :) Apple buys inventory and pays in cash for the purchase on average 25 days later. When Apple purchases inventory, it holds that
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Apple buys inventory and pays in cash for the purchase on average 25 days later. When Apple purchases inventory, it holds that inventory on average for 45 days before it sells it. When Apple sell the inventory (assume that is iphones) on average it takes 33 days to receive payment for the product sold. (NOTE: This information relates to problems 5 and 6) 5. What is the duration of Apple's cash cycle? (a) 25 days (b) 103 days (c) 53 days (d) 45 days (e) 78 days 6. What is the duration of Apple's operating cycle? (a) 25 days (b) 103 days (c) 53 days (d) 45 days (e) 78 daysStep by Step Solution
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