General Accounting Question need answer Monarch Supplies has a receivables turnover rate of 10.5, a payablesturnover rate of 9.8, and an inventory turnover rate of 14.2. What is thelength of the firm's operating cycle?Options:a. 58.34 daysb. 69.82 daysc. 76.45 daysd. 81.28 dayse. 92.55 days

Step 1:First calculate the accounts receivable period: Accounts receivable period = 365 days /…

Answered: Monarch Supplies has a receivables…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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Monarch Supplies has a receivables turnover rate of 10.5, a payables turnover rate of 9.8, and an inventory turnover rate of 14.2. What is the length of the firm's operating cycle? Options: a. 58.34 days b. 69.82 days c. 76.45 days d. 81.28 days e. 92.55 days