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The Inventory Turnover for the Lambkin Company Was 8 Times

Question 116

Multiple Choice

The inventory turnover for the Lambkin Company was 8 times and its days in receivables was 55. The average payables deferral period (or turnover) was 7.5.What is the cash cycle for Lambkin
Given a 365-day year?


A) 51.96 days
B) 58.04 days
C) 115.00 days
D) 149.29 days
E) 164.37 days

Correct Answer:

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