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If the average age of inventory is 75 days, the average age of accounts payable is 40 days, and the average age of accounts receivable is 55 days, what is the number of days in the cash flow cycle for Madison Corp? a) 170 days b) 90 days c) 75 days d) 35 days

If the average age of inventory is 75 days, the average age of accounts payable is 40 days, and the average age of accounts receivable is 55 days, what is the number of days in the cash flow cycle for Madison Corp? a) 170 days b) 90 days c) 75 days d) 35 days

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 3P
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If the average age of inventory is 75 days, the average age of accounts payable is 40 days, and the average age of accounts receivable is 55 days, what is the number of days in the cash flow cycle for Madison Corp? a) 170 days b) 90 days c) 75 days d) 35 days
Transcribed Image Text:If the average age of inventory is 75 days, the average age of accounts payable is 40 days, and the average age of accounts receivable is 55 days, what is the number of days in the cash flow cycle for Madison Corp? a) 170 days b) 90 days c) 75 days d) 35 days
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