Evans, Inc. has an inventory period of 36 days, an accounts payable period of 44 days, and an accounts receivable turnover rate of 20. What is the length of the cash cycle?
A) 10.25 days
B) 12.00 days
C) 26.25 days
D) 60.00 days
E) 61.75 days
Correct Answer:
Verified
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