Smathers, Inc. has an inventory turnover rate of 14 and an accounts receivable turnover rate of 11. The accounts payable period is 56 days. What is the length of the cash cycle?
A) 3.25 days
B) 5.10 days
C) 5.48 days
D) 6.11 days
E) 8.44 days
Correct Answer:
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