If a Firm Has a Cash Cycle of 38 Days

question 66

Multiple Choice

If a firm has a cash cycle of 38 days and an operating cycle of 82 days, what is its payables turnover?

• A) 8.79
• B) 8.30
• C) 9.53
• D) 10.89

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Definitions:

Nikita Khrushchev

A Soviet statesman who led the Soviet Union during part of the Cold War as the First Secretary of the Communist Party of the Soviet Union from 1953 to 1964 and as Chairman of the Council of Ministers, or Premier, from 1958 to 1964.

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Dwight D Eisenhower

The 34th President of the United States (1953-1961), who was a five-star General in the Army during World War II and served as Supreme Commander of the Allied Expeditionary Force in Europe.