Merryl Enterprises Currently Has an Operating Cycle of 59 Days

question 48

Multiple Choice

Merryl Enterprises currently has an operating cycle of 59 days.The firm is analyzing some operational changes,which are expected to increase the accounts receivable period by 2 days and decrease the inventory period by 5 days.The accounts payable turnover rate is expected to increase from 42 to 46 times per year.If all of these changes are adopted,what will the firm's new operating cycle be?

• A)51 days
• B)54 days
• C)56 days
• D)59 days
• E)65 days

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Definitions:

IQR

Interquartile range, a measure of statistical dispersion being the difference between the 75th and 25th percentiles.

Consistent Player

An athlete or participant who performs steadily and reliably over time.

State Championship

A competitive event where teams or individuals from various regions or schools within a state compete to determine the champion in a particular sport or activity.

Standard Deviation

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