Here are several ratios calculated from Midas Company's financial statements:
Days in Receivables = 45
Days in Payables = 36
Days in Inventory = 30
How many days of working capital financing does Midas need to obtain from other sources?
A) 39 days
B) 36 days
C) 56 days
D) 26 days

Question

Quizplus · Accepted Answer

The days of working capital financing needed is calculated as Days in Receivables + Days in Inventory - Days in Payables, which is 45 + 30 - 36 = 39 days.

Here Are Several Ratios Calculated from Midas Company's Financial Statements