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Young's Had a Beginning Accounts Payable Balance of $42,900 and an Ending

Question 56

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Young's had a beginning accounts payable balance of $42,900 and an ending accounts payable balance of $44,800.Sales for the period were $770,000 and costs of goods sold were $598,000.If the operating cycle is 129 days,how long is the firm's cash cycle?


A) 102.24 days
B) 79.35 days
C) 97.13 days
D) 81.19 days
E) 107.78 days

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