Peter's Pool House Has an Interval Measure of 51

question 215

Multiple Choice

Peter's Pool House has an interval measure of 51. This means that the Pool House has:

• A) To replace its inventory every 51 days.
• B) To wait for 7.16 days to collect its receivables after a sale is made.
• C) Enough cash to pay for 51 days of operating expenses.
• D) Sufficient current assets to operate the business for 7.16 days.
• E) Sufficient current assets to operate the business for 51 days.