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Problem: 87 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 days. C. 95 days D. 85 days

Problem: 87 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 days. C. 95 days D. 85 days

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem:87

Problem: 87 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 days. C. 95 days D. 85 days
Transcribed Image Text:Problem: 87 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 days. C. 95 days D. 85 days
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