Laminates Inc.has as age of inventory of 43 days,an age of receivables of 47 days and an age of payables of 61 days.Their closest competitor,Natural Inc.,has comparable numbers of 51 days,32 days and 55 days.Which of the following statements is true?
A) Laminates has the shorter and more desirable working capital gap of 57 days compared to Natural's WCG of 74 days.
B) Laminates has the longer and less desirable working capital gap of 65 days compared to Natural's WCG of 36 days.
C) Laminates has the shorter and less desirable working capital gap of 28 days compared to Natural's WCG of 49 days.
D) Laminates has the longer and less desirable working capital gap of 29 days compared to Natural's WCG of 28 days.
Correct Answer:
Verified
Q24: A firm's balance sheet is all about
Q25: Which of the following is NOT a
Q26: What is the percentage cost of foregoing
Q27: What is the percentage cost of foregoing
Q28: Which of the following in NOT a
Q30: Which of the following trade credit terms
Q31: Which of the following trade credit terms
Q32: Which of the following actions could INCREASE
Q33: Ending cash = Sources of cash -
Q34: The left side of the balance sheet
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents