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_ 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_ days.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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_
days.
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