A firm's inventory and accounts payable periods are 80 and 42 days,respectively.If the cash cycle is 65 days,what is the firm's receivable period?
A) 103 days
B) 57 days
C) 38 days
D) 27 days

Name: A firm's inventory and accounts payable periods are 80 and 42 days,respectively.If the cash cycle is 65 days,what is the firm's receivable period? A) 103 days B) 57 days C) 38 days D) 27 days
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Question

Quizplus · Accepted Answer

Cash cycle = 65 = A / R period + 80 − 42; A / R period = 27 days

A Firm's Inventory and Accounts Payable Periods Are 80 and 42