Solved

Dexter and Francis Merchants (DFM) Sell Their Inventory in 94

Question 169

Multiple Choice

Dexter and Francis Merchants (DFM) sell their inventory in 94 days on average. Their average customer charges purchase on a credit card whereby payment is received in 6 days. On the other
Hand, DFM takes 47 days on average to pay for their purchases. Given this information, what is the
Length of DFM's operating cycle?


A) 53 days
B) 88 days
C) 100 days
D) 135 days
E) 141 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents