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:

Powers

In a mathematical context, it refers to the operation of raising a number to a certain exponent. In a general context, it can refer to the capabilities or authorities held by an individual or entity.

Six-Figure Accuracy

Describes a level of precision in calculations or measurements that extends to at least six digits.

Exponent

The number of times that the base is used in repeated multiplication.

Solve For Vf

The process of calculating the future value of an investment or loan based on given variables and interest rates.