Multiple Choice
A firm has an inventory turnover rate of 16,a receivables turnover rate of 21 and a payables turnover rate of 11. How long is the operating cycle?
A) 37.00 days
B) 40.19 days
C) 42.87 days
D) 63.08 days
E) 73.37 days
Correct Answer:
Verified
Correct Answer:
Verified
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