The Mentha company currently has the following statistics: Days in inventory 80
Operating cycle 148
What is Mentha's days in accounts receivable?
A) 80.
B) 68.
C) 148.
D) Cannot be determined from the information given.

Question

Quizplus · Accepted Answer

Days in accounts receivable (DAR) can be calculated using the formula: DAR = Operating cycle - Days in inventory. 
Substituting the given values, we get: DAR = 148 - 80 = 68. Therefore, the answer is B).

The Mentha Company Currently Has the Following Statistics: Days in Inventory