Answered: Captain Chandu's Enterprises has a…

Captain Chandu'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?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Question

Provide correct answer

Captain Chandu'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?

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