Your Firm Currently Has an Operating Cycle of 64 Days

question 33

Multiple Choice

Your firm currently has an operating cycle of 64 days. You are analyzing some operational changes which are expected to decrease the accounts receivable period by 3 days and decrease the inventory period by 2 days. The accounts payable turnover rate is expected to increase from 7 to 9 times per year. If all of these changes are adopted,what will your firm's new operating cycle be?

• A) 47 days
• B) 51 days
• C) 54 days
• D) 57 days
• E) 59 days

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Definitions:

Press Button

An act of pressing a switch or a button to control a machine or process.

Big Pig

This term does not match a standard economic concept and might be context-specific or refer to a specific case or study. NO.

Payoff

The return or financial gain received from an investment or decision.

Chicken

A domesticated bird commonly raised for its meat and eggs, and sometimes used as a symbol in games of bravery or conflict.