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If the average age of inventory is 80 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 70 days, the number of days in the cash flow cycle is: A. 200 days B. 100 days C. 60 days D. 120 days

If the average age of inventory is 80 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 70 days, the number of days in the cash flow cycle is: A. 200 days B. 100 days C. 60 days D. 120 days

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the average age of inventory is 80 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 70 days, the number of days in the cash flow cycle is: A. 200 days B. 100 days C. 60 days D. 120 days
Transcribed Image Text:If the average age of inventory is 80 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 70 days, the number of days in the cash flow cycle is: A. 200 days B. 100 days C. 60 days D. 120 days
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