The following amounts are taken from a companys latest financial statements:

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The following amounts are taken from a companys latest financial statements:

Post by answerhappygod »

Sales revenue$3,074,000 -

Cost of Sales$1,884,000 -

Inventories$160,000 -

Trade receivables$514,000 -

Trade Payables$325,000 -
Based on the above amounts, what is the cash cycle of the company? (Assume one year is
365 days)
A. 21 days
B. 29 days
C. 41 days
D. 68 days
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!

This question has been solved and has 1 reply.

You must be registered to view answers and replies in this topic. Registration is free.


Register Login
 
Post Reply