If it takes 45 days to sell inventory, 30 days to collect for the sale, and creditors' payment terms are 60 days, the financing period is 15 days.

Name: If it takes 45 days to sell inventory, 30 days to collect for the sale, and creditors' payment terms are 60 days, the financing period is 15 days.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The financing period is calculated as the inventory period plus the collection period minus the creditors' payment period: 45 + 30 - 60 = 15 days.

If It Takes 45 Days to Sell Inventory, 30 Days