If a Firm Has a Cash Cycle of 20 Days

question 110

Multiple Choice

If a firm has a cash cycle of 20 days and an operating cycle of 60 days, what is its payables turnover?

• A) 8.06
• B) 9.13
• C) 20.00
• D) 40.00

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Definitions:

Farm Programs

Government initiatives designed to support farmers, stabilize food prices, and ensure a steady supply of agricultural products through subsidies, loans, and other means.

Agricultural Resources

Inputs used in the production of agricultural goods, such as land, labor, and capital, along with more specific resources like seeds and fertilizers.

United States

A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for being the world’s oldest surviving federation.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, fostering cooperation in economic, social, and security matters.