QUESTION 20

1. Marshalls Company has an inventory turnover rate of 12.3, an accounts payable period of 35 days, and an accounts receivable period of 45 days. What is the length of the cash cycle? (Please select and enter your answer into the answer space below. Your answer could be simple as A, B, or C, etc.)

   A. 36 days Length of cash cycle < 38 days

   B. 38 days Length of cash cycle < 40 days

   C. 40 days Length of cash cycle < 42 days

   D. 42 days Length of cash cycle < 46 days

   E. 46 days Length of cash cycle < 48 days