1. On a company’s financial statements, the following information is available: APT (Accounts Payable Turnover) = 7 → it

[answerhappygod]

1.
On a company’s financial statements, the following information
is available:
APT (Accounts Payable Turnover) = 7
→ it takes 52 days on average to pay
suppliers
INVT (Inventory Turnover) = 26
→ inventory stays in the company for 14
days on average before it is sold
ART (Accounts Receivable Turnover) = 30
→ it takes 12 days on average to be paid
by the customer
Using this information, what is the Cash-to-Cash (C2C) cycle for
this company? (For your calculations, round all values to the
nearest whole number.)
Select one:
a. -50
b. -49
c. -26
d. -11
e. 26