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

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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Question

True answer of cash cycle

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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