Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

United Distributions has an inventory turnover rate of 12, a receivables turnover rate of 24, and a payables turnover rate of 15. How long is

United Distributions has an inventory turnover rate of 12, a receivables turnover rate of 24, and a payables turnover rate of 15. How long is the operating cycle? 36.82 days 39.18 days 42.51 days 45.63 days 48.73 dasy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Gapenskis Fundamentals Of Healthcare Finance

Authors: Paula H. Song, Kristin L. Reiter

3rd Edition

1567939759, 978-1567939750

More Books

Students also viewed these Finance questions

Question

★★★★★

Describe three ways in which liabilities are used to finance business activities.

Answered: 1 week ago

Question

★★★★★

A U-shaped tube contains a solution of paramagnetic salt, such as CoSO 4 . One side of the U-shaped tube, considered as a subsystem 1, is in a magnetic induction field B, the other side, considered...

Answered: 1 week ago

Question

★★★★★

Be honest, starting with your application and rsum.

Answered: 1 week ago

Question

★★★★★

The management of Corbin Company has decided to develop cost formulas for its major overhead activities. Corbin uses a highly automated manufacturing process, and power costs are a significant...

Answered: 1 week ago

Question

★★★★★

The Dawg corporation owns 13% of company A and 28.99999999999996% of company B. Dividends received from Company A were $126,000 and from Company B were $203,000. If Dawg's "adjusted" taxable income...

Answered: 1 week ago

Question

★★★★★

le debts eciation-Office ment reciation-Warehouse e S Chart of Accounts December 31, 2025 Prior Year Balance Debit 34,620 25,060 66,750 0 10,700 2,600 35,000 30,000 Transactions Credit 1,200 8,000...

Answered: 1 week ago

Question

★★★★★

A software company wants to improve its customer experience scores by 3% over the next 30 days. A data professional works to achieve this objective by understanding current scores and how far away...

Answered: 1 week ago

Question

★★★★★

ABC Insurance Company has a branch office, which consists of a branch manager and 5 clerical assistants. The branch manager reports to a division manager. The branch office has its own bank account...

Answered: 1 week ago

Question

★★★★★

A large tank of fish from a hatchery is being delivered to a lake. The hatchery claims that the mean length of fish in the tank is 15 inches, and the standard deviation is6inches. A random sample...

Answered: 1 week ago

Question

★★★★★

Emily Smith files her tax return on the basis of a fiscal year. Her records show that she received income in November 2021 and February 2022 from which there was backup withholding ($100 and $50,...

Answered: 1 week ago

Question

★★★★★

Tax Losses and Capital Losses Recouped The records of Gareth Young, an Australian resident, over three tax years disclosed: 2021/22 2022/23 2023/24 $ $ $ Assessable business income 54,000 72,000...

Answered: 1 week ago

Question

★★★★★

Describe your relationship with your current or past boss. Did you meet the five common expectations of bosses? How can you improve your relationship with your current and/or future boss?

Answered: 1 week ago

Question

★★★★★

Some people say that power and politics cant be used ethically. Do you agree?

Answered: 1 week ago

Question

★★★★★

Chapter 6 distinguished between transformational, charismatic, and transactional leadership theories. Which one of these best describes Kevin Plank?

Answered: 1 week ago

Previous Question Next Question