If the average age of inventory is 90 days, the average age of accounts payable is 60 days, and the average age of accounts receivable is 65 days, the number of days in the cash flow cycle is: A. 215 days B. 150 days C. 95 days D. 85 days

If the average age of inventory is 90 days, the average age of accounts payable is 60 days, and the average age of accounts receivable is 65 days, the number of days in the cash flow cycle is: A. 215 days B. 150 days C. 95 days D. 85 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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If the average age of inventory is 90 days, the average age
of accounts payable is 60 days, and the average age of
accounts receivable is 65 days, the number of days in the
cash flow cycle is:
A. 215 days
B. 150 days
C. 95 days
D. 85 days

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