Mentha Company Currently Has the Following Statistics: Days in Accounts

question 41

Multiple Choice

Mentha Company currently has the following statistics: Days in accounts receivable - 68
Operating cycle - 148
What is Mentha's days in inventory?

• A)80 days
• B)68 days
• C)148 days
• D)Cannot be determined from the information given

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Definitions:

Depositor's Account

An account maintained by a depositor at a financial institution, reflecting the amount of funds deposited.

Uncollectible Check

A check that cannot be processed because the maker’s bank account has insufficient funds or the account is closed.

Periodic Payments

Regular payments made over a specified period, such as monthly rent or quarterly insurance premiums.

Bank Statement

A summary of financial transactions that occurred over a given period on a bank account held by a person or business with a financial institution.