None Suppose that Freddie's Fries has annual sales of $620,000; cost of goods sold of $495, 000; average inventories of $21,000;average accounts receivable of $37,000, and an average accounts payable balance of $32, 000. Assuming that all of Freddie'ssales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.)a. 37.26.b. 60.86.c. 1.82.d. 13.66.

Cash cycle or cash conversion cycle refers to the amount of time in days that a company takes to…

Answered: Suppose that Freddie's Fries has annual…

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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