Dallas and More (D&M) sells its inventory in 87 days on average.Its average customer charges their purchases on a credit card and payment is received in 10 days.D&M takes 56 days on average to pay for its purchases.Given this information,what is the length of D&M's cash cycle?
A) 86 days
B) 31 days
C) 153 days
D) 97 days
E) 41 days
Correct Answer:
Verified
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