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The Operating Cycle for Fiennes Welbart Plc for the Year

Question 21

Multiple Choice

The operating cycle for Fiennes Welbart plc for the year ended 31 May 20X7 was 117.3 days.The average inventory turnover period for the year was 92.7 days and the average trades receivables turnover period for the year was 57.6 days.What was the average trade payables turnover period for the year?


A) 82.2 days
B) Insufficient information available
C) 33 days
D) 152.4 days

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