The Inventory Turnover for the Sneeky Company Is 8 Times

question 19

Multiple Choice

The inventory turnover for the Sneeky Company is 8 times and its day's sales outstanding is 55. The average payables deferral period (or turnover) is 7.5. What is the cash cycle for Sneeky given a 365-day year.

• A) 149.29 days.
• B) 51.96 days.
• C) 58.04 days.
• D) 115.00 days.

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