What Is the Cash Cycle for a Firm with $3

question 27

Multiple Choice

What is the cash cycle for a firm with $3 million average inventories,$1.5 million average accounts payable,a receivables period of 40 days,and annual sales of $20 million and an annual cost of goods sold of $18 million?

• A) 14.59 days.
• B) 46.25 days.
• C) 136.25 days.
• D) 70.42 days.

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