Jaxson and Sons Has an Inventory Period of 33 Days

question 382

Multiple Choice

Jaxson and Sons has an inventory period of 33 days, an accounts payable period of 41 days and an accounts receivable period of 27 days. Management is considering offering a 5% discount if its credit customers pay for their purchases within 10 days. If the new discount is offered the accounts receivable period is expected to decline by 13 days. If the new discount is offered, the operating cycle will decrease from _____ days to _____ days.

• A) 19; 6
• B) 60; 47
• C) 87; 74
• D) 101; 88
• E) 101; 91

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