Question
Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3
Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The companys annual sales is $182,795.
What is the length of the cash cycle?
| 9 days | ||
| 52 days | ||
| 58 days | ||
| 61 days | ||
| 64 days |
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Infrastructure Planning And Finance
Authors: Vicki Elmer, Adam Leigland
1st Edition
0415693187, 978-0415693189
