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:

Financial Aid

Monetary assistance provided to individuals, typically students, to help cover the cost of education expenses.

Post Hoc Ergo Propter Hoc

A logical fallacy that assumes a causal relationship between two events simply because one event followed the other.

Causality

The relationship between cause and effect, often studied to understand how one variable or event influences another within various contexts.

Normative Statement

A statement that expresses a value judgement or an opinion about what ought to be, rather than an objective or fact-based assertion.