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Bradley's has an inventory turnover rate of 8, a payables turnover rate of 7, and a receivables turnover rate of 11. How long is the firm's operating cycle? A. 45.06 days B. 78.81 days C. 75.63 days D. 30.13 days E. 26.67 days

Bradley's has an inventory turnover rate of 8, a payables turnover rate of 7, and a receivables turnover rate of 11. How long is the firm's operating cycle? A. 45.06 days B. 78.81 days C. 75.63 days D. 30.13 days E. 26.67 days

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 30MCQ
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Bradley's has an inventory turnover rate of 8, a payables turnover rate of 7, and a receivables turnover rate of 11. How long is the firm's operating cycle? A. 45.06 days B. 78.81 days C. 75.63 days D. 30.13 days E. 26.67 days
Transcribed Image Text:Bradley's has an inventory turnover rate of 8, a payables turnover rate of 7, and a receivables turnover rate of 11. How long is the firm's operating cycle? A. 45.06 days B. 78.81 days C. 75.63 days D. 30.13 days E. 26.67 days
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