Multiple Choice
A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is ________ days.
A) 80
B) 50
C) 90
D) 70
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q161: A firm has an average age of
Q162: If a firm's credit period is decreased,
Q163: Maggie's Gold Coins, Inc. is considering shortening
Q164: Table 15.7<br>Fizzy Animators, Inc. currently makes all
Q165: A firm which uses the aggressive financing
Q167: The total cost of a firm's inventory
Q168: A firm's credit selection is the process
Q169: The key dimension of credit selection which
Q170: Certain financing plans are termed conservative when
Q171: An increase in the current asset to