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If the average age of inventory is 90 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 65 days, what is the number of days in the cash flow cycle for Harrison Corp? a) 215 days b) 105 days c) 90 days d) 75 days

If the average age of inventory is 90 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 65 days, what is the number of days in the cash flow cycle for Harrison Corp? a) 215 days b) 105 days c) 90 days d) 75 days

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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If the average age of inventory is 90 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 65 days, what is the number of days in the cash flow cycle for Harrison Corp? a) 215 days b) 105 days c) 90 days d) 75 days
Transcribed Image Text:If the average age of inventory is 90 days, the average age of accounts payable is 50 days, and the average age of accounts receivable is 65 days, what is the number of days in the cash flow cycle for Harrison Corp? a) 215 days b) 105 days c) 90 days d) 75 days
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