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Peter's Pool House Has an Interval Measure of 51

Question 215

Multiple Choice

Peter's Pool House has an interval measure of 51. This means that the Pool House has:


A) To replace its inventory every 51 days.
B) To wait for 7.16 days to collect its receivables after a sale is made.
C) Enough cash to pay for 51 days of operating expenses.
D) Sufficient current assets to operate the business for 7.16 days.
E) Sufficient current assets to operate the business for 51 days.

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