If a Firm Has a Cash Cycle of 32 Days

question 28

Multiple Choice

If a firm has a cash cycle of 32 days and an operating cycle of 67 days, what is its payables turnover?

• A) 5.45
• B) 10.43
• C) 11.41
• D) 35

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Definitions:

Capacity building

The process of developing and strengthening the skills, abilities, processes, and resources that organizations and communities need to survive, adapt, and thrive.

Organizational skills

The ability to manage time, tasks, and resources effectively, often crucial for personal and professional productivity.

Millennium goals

A set of eight international development goals established in 2000, aiming to improve global conditions by 2015.

Canadian International Development Agency (CIDA)

A former federal agency responsible for administering foreign aid programs in developing countries on behalf of the Government of Canada.