Multiple Choice
A firm has an inventory turnover rate of 15.2,a receivables turnover rate of 16.8,and a payables turnover rate of 12.7.How long is the operating cycle?
A) 39.19 days
B) 45.74 days
C) 42.87 days
D) 33.08 days
E) 53.37 days
Correct Answer:
Verified
Correct Answer:
Verified
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