The Following Company Information Is Available How Long Is the Company's Operating Cycle?
A) 69 Days

question 65

Multiple Choice

The following company information is available: $$\begin{array} { | l | l | } \hline \text { Days sales outstanding } & 28 \\\hline \text { Days sales in inventory } & 17 \\\hline \text { Days accounts payable outstanding } & 24 \\\hline\end{array}$$
How long is the company's operating cycle?

• A) 69 days
• B) 52 days
• C) 45 days
• D) 11 days

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Definitions:

Processing Costs

Costs incurred in the course of converting raw materials into finished goods, including labor and overhead expenses.

Relevant

Pertains to information or costs that are pertinent to a particular decision, differing under the alternatives being considered.

Financial Advantage

The benefit derived from making a financial decision that results in gains exceeding costs.

New Product

An item recently introduced to the market that has not previously been available for purchase by consumers.