Your Firm Has an Inventory Turnover Rate of 14,a Payables

question 98

Multiple Choice

Your firm has an inventory turnover rate of 14,a payables turnover rate of 8,and a receivables turnover rate of 19.How long is your firm's operating cycle?

• A)45.06 days
• B)45.28 days
• C)45.63 days
• D)53.13 days
• E)53.78 days

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Definitions:

Global

Pertaining to the entire world or relating to a comprehensive and international scale.

Stable Factors

Elements or conditions in an environment or system that remain constant over time, contributing to consistency and predictability.

Cognitive Dissonance

The psychological discomfort experienced by someone who holds two or more contradictory beliefs, ideas, or values at the same time.

Attribution-helplessness

A psychological phenomenon where individuals attribute their inability to control events to their own lack of ability, leading to feelings of helplessness.