Calculate the operating cash cycle in days if all sales are for cash,inventory is turned over 7 times a year and creditors are paid on average 5 times a year.
A) +20.9 days.
B) 52.1 days.
C) 125.1 days.
D) -20.9 days.
Correct Answer:
Verified
Q42: The firm's operating cash cycle is:
A)the time
Q43: When trying to assess the credit standing
Q46: Which of the following is not a
Q49: The most important reason for holding cash
Q51: A company wishes to reduce the amount
Q52: A firm has daily credit sales of
Q54: Improving cash flow in relation to debtors
Q56: Which of these is not a way
Q58: An increase in the effort put into
Q60: The motive behind the holding of cash
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