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Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle? A. 92.2 days B. 28.4 days C. 54.5 days D. 47.0 days E. 16.8 days

Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle? A. 92.2 days B. 28.4 days C. 54.5 days D. 47.0 days E. 16.8 days

Managerial Accounting: The Cornerstone of Business Decision-Making
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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle? A. 92.2 days B. 28.4 days C. 54.5 days D. 47.0 days E. 16.8 days
Transcribed Image Text:Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle? A. 92.2 days B. 28.4 days C. 54.5 days D. 47.0 days E. 16.8 days
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