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