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WORKING CAPITAL MANAGEMENT MULTIPLE CHOICE QUESTIONS QUESTION 12 New life Ltd. has a receivables turnover rate of 11.5, a payables turnover of 9.8 and an

WORKING CAPITAL MANAGEMENT

MULTIPLE CHOICE QUESTIONS

QUESTION 12 New life Ltd. has a receivables turnover rate of 11.5, a payables turnover of 9.8 and an inventory turnover rate of 13.6. Assuming a 365-day year, what is the length of the firms operating cycle? 1) 27 days 2) 32 days 3) 58 days 4) 59 days

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