Brown's Ferry Furniture Outlet has an accounts receivable period of 45 days and an accounts payable period of 96 days.The company turns over its inventory 2.8 times per year and marks up the inventory an average of 45 percent over its wholesale cost.What is the length of the firm's operating cycle?
A) 85.36 days
B) 175.36 days
C) 189.22 days
D) 201.33 days
E) 205.68 days
Correct Answer:
Verified
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