West Chester Automation Has an Inventory Turnover of 17

question 8

Multiple Choice

West Chester Automation has an inventory turnover of 17.5 and an accounts payable turnover of 11.The accounts receivable period is 36 days.What is the length of the cash cycle?

• A)5.67 days
• B)23.68 days
• C)41.00 days
• D)52.00 days
• E)58.81 days

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Definitions:

Box-and-Whisker Plot

A type of chart that displays the distribution of data based on quartiles, highlighting the median, and extremes.

Whiskers

In a box plot, the lines that extend from the upper and lower quartiles to the maximum and minimum values, respectively, indicating variability outside the upper and lower quartiles.

Minimum

The smallest value in a given set of data, or the least point in a mathematical function.

Maximum Values

The highest observed values in a given dataset or range, critical in understanding the extent of variation.