The following amounts are taken from a companys latest financial statements:
Posted: Mon Mar 07, 2022 8:44 am
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
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