Multiple Choice
What is the cash cycle for a firm with $3 million average inventories,$1.5 million average accounts payable,a receivables period of 40 days,and annual sales of $20 million and an annual cost of goods sold of $18 million?
A) 14.59 days.
B) 46.25 days.
C) 136.25 days.
D) 70.42 days.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: What is the cash cycle for a
Q23: A primary purpose of restricting the investment
Q24: How much money can be saved annually
Q25: Which one of the following credit agreements
Q26: What is the annual gain to a
Q28: The potential benefits of additional credit analysis
Q29: At what point does a customer's unpaid
Q30: Commercial paper is unsecured.Therefore,the companies that issue
Q31: Which one of the following statements typically
Q32: When sales are made without the accompaniment