How long is it's operating cycle of this financial accounting question? A company has an inventory turnover of 6.5 and areceivables turnover of 8.2. Approximately how long isits operating cycle?

Step 1: Define Operating CycleThe Operating Cycle is the time taken by a company to convert its…

Answered: A company has an inventory turnover of…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 5PEA

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A company has an inventory turnover of 6.5 and a receivables turnover of 8.2. Approximately how long is its operating cycle?