Multiple Choice
I.R. Ruth, Inc. has an inventory turnover rate of 16.59, an accounts payable period of 51 days, and an accounts receivable period of 34 days. What is the length of the cash cycle?
A) -2 days
B) 0 days
C) 5 days
D) 8 days
E) 13 days
Correct Answer:
Verified
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