Your fiRm Currently Has an Operating Cycle of 64 Days

question 86

Multiple Choice

Your firm currently has an operating cycle of 64 days.You are analyzing some operational changes which are expected to decrease the trade receivables period by 3 days and decrease the inventory
Period by 2 days.The trade payables 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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