Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rateof 11.9, and an inventory turnover rate of 15.6. What is the length of the firm's operatingcycle?a. 24.89 daysb. 39.80 daysc. 51.92 daysd. 62.56 dayse. 83.77 days

Step 1: Given Value for Calculation Receivables Turnover Ratio = rtr = 12.8Inventory Turnover Ratio…

Answered: Captain Kurt's Enterprises has a…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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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