Wilson's Has an Inventory Turnover Rate of 16,an Accounts Payable

question 57

Multiple Choice

Wilson's has an inventory turnover rate of 16,an accounts payable period of 47 days,and an accounts receivable period of 37 days.What is the length of the cash cycle?

• A)32.81 days
• B)−6.00 days
• C)2.00 days
• D)6.00 days
• E)12.81 days

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Definitions:

Target Population

The entire group about which a researcher intends to generalize the findings from a study.

Sampled Population

The sampled population refers to the subset of a population that is selected for analysis in a study, representative of the larger group to derive conclusions about it.

Bias

A systematic error or deviation in results or inferences from the truth, often resulting from process flaws or assumptions that affect the validity of results.

Responses

In statistics, the answers or reactions of subjects from a survey or experiment.