Multiple Choice
Here are several ratios calculated from Midas Company's financial statements: Days in Receivables = 43
Days in Payables = 38
Days in Inventory = 31
How many days of working capital financing does Midas need to obtain from other sources?
A) 112 days
B) 36 days
C) 56 days
D) 26 days
Correct Answer:
Verified
Correct Answer:
Verified
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