Loxdon Has an Average Collection Period of 7 Days, an Inventory

question 3

Multiple Choice

Loxdon has an average collection period of 7 days, an inventory conversion period of 30 days and a payables deferrable period of 60 days.What is Loxdon's operating cycle?

• A)97 days
• B)37 days
• C)23 days
• D)-23 days

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Definitions:

Access Tool

An Access Tool is any software or utility designed to help users retrieve, view, or manage data, often making it easier to access information stored in databases or files.

Smallest Value

This term is typically used in data analysis and refers to the least number in a given set of numbers or dataset.

Fixed-Width Files

Refers to text files where each line's field occupies a set number of characters, aligning data in columns.

Prompts

Messages or questions that require a response from the user, often used in software to guide actions or input.