Multiple Choice
Heritage Farms has sales of $1.62 million with costs of goods sold equal to 78 percent of sales.The average inventory is $369,000,accounts payable average $438,000,and receivables average $147,000.How long is the cash cycle?
A) 13.19 days
B) 13.30 days
C) 17.29 days
D) 7.54 days
E) 11.77 days
Correct Answer:
Verified
Correct Answer:
Verified
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