Multiple Choice
A firm has an inventory turnover rate of 15.7,a receivables turnover rate of 20.2,and a payables turnover rate of 14.6.How long is the cash cycle?
A) 28.46 days
B) 16.32 days
C) 32.87 days
D) 13.08 days
E) 23.37 days
Correct Answer:
Verified
Correct Answer:
Verified
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