Multiple Choice
On average,D & M sells its inventory in 37 days,collects on its receivables in 3.4 days,and takes 35 days to pay for its purchases.What is the length of the firm's operating cycle?
A) −1.4 days
B) 5.4 days
C) 33.6 days
D) 40.4 days
E) 41.6 days
Correct Answer:
Verified
Correct Answer:
Verified
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