PROBLEM: 8.7 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 DAYS.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Problem 8.7

PROBLEM: 8.7
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
DAYS.
Transcribed Image Text:PROBLEM: 8.7 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 DAYS.
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