A fiRm Has an Inventory Turnover Rate of 18, a Receivables

question 241

Multiple Choice

A firm has an inventory turnover rate of 18, a receivables turnover rate of 23, and a payables turnover rate of 12. How long is the operating cycle?

• A) 24.15 days
• B) 24.37 days
• C) 36.15 days
• D) 36.37 days
• E) 48.15 days

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Definitions:

Declarative Memories

Recollections that are available for conscious retrieval, including information and occurrences.

Implicit Memories

Memories that influence thoughts and behaviors without conscious awareness, often automatic and formed through repetition.

Procedural Memories

Memories of motor skills and actions that are performed automatically without conscious thought, such as riding a bike or typing on a keyboard.

False Event

An incident that an individual believes to have occurred, but did not actually happen, often due to the construction of false memories.