If a Firm Has a Cash Cycle of 32 Days

question 43

Multiple Choice

If a firm has a cash cycle of 32 days and an operating cycle of 52 days, what is its payables turnover?

• A) 7.02
• B) 11.41
• C) 18.25
• D) 20.00

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Definitions:

Adapt

The process of making changes or adjustments to accommodate new conditions or environments.

Richest Mode

The communication method that conveys the most information, including verbal and nonverbal cues, to facilitate understanding.

Communication

The process of exchanging information, ideas, or feelings between individuals or groups, often through speaking, writing, or using some other medium.

Specify the Age

To clearly state or identify the number of years someone or something has existed.