Captain Kurt's Enterprises has a receivables turnover rate of 12.8,a payables turnover rate of 11.9,and an inventory turnover rate of 15.6.What is the length of the firm's operating cycle?
A) 24.89 days
B) 39.80 days
C) 51.92 days
D) 62.56 days
E) 83.77 days
Correct Answer:
Verified
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