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Given the following: • Average age of inventory = 90 days • Average age of accounts receivable = 65 days Average age of accounts payable = 60 days What is the number of days in the cash flow cycle? Options: A) 215 days B) 150 days C) 95 days D) 85 days

Given the following: • Average age of inventory = 90 days • Average age of accounts receivable = 65 days Average age of accounts payable = 60 days What is the number of days in the cash flow cycle? Options: A) 215 days B) 150 days C) 95 days D) 85 days

Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter6: Managing Cash Flow
Section: Chapter Questions
Problem 4DQ
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I need help with this general accounting question using the proper accounting approach.
Given the following: • Average age of inventory = 90 days • Average age of accounts receivable = 65 days Average age of accounts payable = 60 days What is the number of days in the cash flow cycle? Options: A) 215 days B) 150 days C) 95 days D) 85 days
Transcribed Image Text:Given the following: • Average age of inventory = 90 days • Average age of accounts receivable = 65 days Average age of accounts payable = 60 days What is the number of days in the cash flow cycle? Options: A) 215 days B) 150 days C) 95 days D) 85 days
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