BeckerCom Has an Inventory Turnover Ratio of 52, an Accounts

question 21

Multiple Choice

Becker.com has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit sales of $36,500, accounts payable of $182,500 and cost of goods sold of $7,993,500. What is Becker's operating cycle to the nearest day?

• A) 17 days
• B) 61 days
• C) 27 days
• D) -27 days

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Definitions:

Pudendal Cleft

The anatomical term for the cleft between the labia majora, part of the external female genitalia.

Macroeconomic Environments

The broad economic conditions and contexts that affect the economy as a whole, including inflation rates, growth rates, employment levels, and government policies.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from its mean.

HMO

Health Maintenance Organization, a medical insurance group that provides health services for a fixed annual fee.