Bruceton Farm Markets currently has an operating cycle of 76 days.The firm is analyzing some operational changes that are expected to decrease the accounts receivable period by 3 days and decrease the inventory period by 8 days.The accounts payable turnover rate is expected to increase from 7 to 9 times per year.If all of these changes are adopted,what will the firm's new operating cycle be?
A) 87 days
B) 58 days
C) 54 days
D) 65 days
E) 76 days
Correct Answer:
Verified
Q49: Dewey's expects sales of $530,$560,$740,and $790 for
Q50: Duke's Auto Parts has a beginning receivables
Q51: Martinique's Boutique has a 45 day collection
Q52: The Down Towner has sales of $642,000
Q53: Dallas and More (D&M)sells its inventory in
Q56: HM Industries has a beginning receivables balance
Q57: Baker Industries has a 45 day accounts
Q58: A firm currently has a 36 day
Q59: Brooke Industries has sales of $860,000 and
Q70: A firm has an inventory turnover rate
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