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TikTak Ltd has the following balances: Year-end receivables 240,000 Year-end payables 250,000 Year-end inventory 220,000 Credit sales 2,400,000 Cost of sales 1,200,000 Credit purchases 1,300,000
TikTak Ltd has the following balances: Year-end receivables 240,000 Year-end payables 250,000 Year-end inventory 220,000 Credit sales 2,400,000 Cost of sales 1,200,000 Credit purchases 1,300,000 The cash cycle for this company is approximately: a. 59 days b. 33 days c. 51 days d. 47 days
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