Multiple Choice
Salem Inc.has an inventory turnover of 15 and an accounts receivable turnover of 9.The accounts payable period is 51 days.What is the length of the cash cycle?
A) 13.89 days
B) 14.07 days
C) 14.23 days
D) 18.79 days
E) 23.00 days
Correct Answer:
Verified
Correct Answer:
Verified
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