Franklin, Inc., has an inventory turnover of 20.3 times, a payables turnover of 11.9 times, and a receivables turnover o
Posted: Sat Nov 27, 2021 5:35 pm
Franklin, Inc., has an inventory turnover of 20.3 times, a
payables turnover of 11.9 times, and a receivables turnover of 10.4
times. What is the company's cash cycle? Assume 365 days per
year.
a)-42.48 days
b)-47.79 days
c)-13.56 days
d)-25.60 days
e)-22.40 days
payables turnover of 11.9 times, and a receivables turnover of 10.4
times. What is the company's cash cycle? Assume 365 days per
year.
a)-42.48 days
b)-47.79 days
c)-13.56 days
d)-25.60 days
e)-22.40 days