The inventory turnover for the Lambkin Company was 9.4 times and its days' sales in receivables was 46.What is the operating cycle given a 365-day year?
A) 45.63 days
B) 55.40 days
C) 63.25 days
D) 84.83 days
E) 74.29 days
Correct Answer:
Verified
Q62: On average,D & M sells its inventory
Q63: A firm currently has a cash cycle
Q64: Wilson's has an inventory turnover rate of
Q65: Wilco's currently has a cash cycle of
Q66: For 2018,Blue Moon had sales of $318,000,cost
Q68: Dixon's has a beginning receivables balance on
Q69: Jordan and Sons has an inventory period
Q70: A firm has an inventory turnover rate
Q71: Orio Inc.has a beginning receivables balance on
Q72: Salem Inc.has an inventory turnover of 15
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