State Street Market currently has 68days in its cash cycle and 115days in its operating cycle.The firm purchases its entire inventory from one supplier.This supplier has offered a 3 percent discount on all purchases if State Street Market will pay in 10 days.If the market opts to take advantage of the discount offered,its new operating cycle will be _____ days and its new cash cycle will be _____ days.
A) 105; 58
B) 105; 95
C) 115; 68
D) 115; 105
E) 113; 95
Correct Answer:
Verified
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