Bradley has an inventory turnover rate solve this accounting questions Bradley's has an inventory turnover rate of 8, a payablesturnover rate of 7, and a receivables turnover rate of 11.How long is the firm's operating cycle?A. 45.06 daysB. 78.81 daysC. 75.63 daysD. 30.13 daysE. 26.67 days

Step 1: Define Operating CycleThe operating cycle is the time required for the company for the…

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Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rate of 11.9, and an inventory turnover rate of 15.6. What is the length of the firm's operating cycle? a. 24.89 days b. 39.80 days c. 51.92 days d. 62.56 days e. 83.77 days
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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
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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