A firm currently has a 35 day cash cycle.Assume that the firm changes its operations such that it decreases its receivables period by 4 days,increases its inventory period by 2 day and decreases its payables period by 3 days.What will the length of the cash cycle be after these changes?
A) 31 days
B) 33 days
C) 35 days
D) 36 days
E) 37 days
Correct Answer:
Verified
Q27: Which one of the following statements is
Q57: Sources of cash do not include:
A)increases in
Q58: A manufacturing firm has a 90 day
Q59: A cumulative cash deficit indicates that a
Q60: A flexible short-term financial policy:
A)is associated with
Q61: Bilt Rite,Inc. has sales of $610,000. The
Q63: Your firm has sales of $628,000 and
Q65: A use of cash can be determined
Q66: ABC,Inc.has a beginning receivables balance on January
Q71: Cash cycle equals:
A)inventory period plus accounts receivable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents