Here Are Several Ratios Calculated from Midas Company's Financial Statements

question 70

Multiple Choice

Here are several ratios calculated from Midas Company's financial statements:
Days in Receivables = 45
Days in Payables = 36
Days in Inventory = 30
How many days of working capital financing does Midas need to obtain from other sources?

• A) 39 days
• B) 36 days
• C) 56 days
• D) 26 days

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The act of using up or eating something; in economics, it refers to the purchase and use of goods and services by households.

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In biology and taxonomy, genus refers to a rank used in the classification of organisms, grouping together species that share common characteristics.

Consumable

An item intended to be used up and then replaced, often relating to goods that are eaten, drunk, or expended through use.