A fiRm Has an Inventory Turnover Rate of 16, a Receivables

question 37

Multiple Choice

A firm has an inventory turnover rate of 16, a receivables turnover rate of 21 and a payables turnover rate of 11. How long is the operating cycle?

• A) 37.00 days
• B) 40.19 days
• C) 42.87 days
• D) 63.08 days
• E) 73.37 days

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Definitions:

Intellectual Disability

A disability characterized by significant limitations in both intellectual functioning and adaptive behavior, which covers many everyday social and practical skills.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association, providing standardized criteria for the classification of mental disorders.

ADHD

Attention-Deficit/Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, impulsivity, and/or hyperactivity that interfere with functioning or development.

Diagnostic Labels

Terms used in healthcare and psychology to classify and describe a set of symptoms that collectively indicate a particular mental or physical disorder.