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:

Corporate Culture

The shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature.

Societal Culture

The shared norms, values, customs, and practices that shape and characterize a society or social group.

Socialization Process

The method through which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Scotchgard Fabric Protector

A spray-on solution to protect fabric from spills and stains by repelling liquids and blocking stains.