You Calculate the Following from Midas Company's Financial Statements: Days

question 62

Multiple Choice

You calculate the following from Midas Company's financial statements: Days in Receivables = 43
Days in Payables = 38
Days in Inventory = 31
How many days of working capital financing does Midas need to obtain from other sources?

• A) 112 days
• B) 36 days
• C) 56 days
• D) 26 days

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