Meryl Enterprises currently has an operating cycle of 76.4 days. The company is implementing some operational changes that are expected to increase the accounts receivable period by 2.2 days, decrease the inventory period by 5.3 days, and increase the accounts payable period by 1.5 days. What is the new operating cycle expected to be?
A) 78.0 days
B) 74.8 days
C) 73.3 days
D) 79.5 days
E) 71.8 days
Correct Answer:
Verified
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