A firm has an average age of inventory of 60 days, an average collecti
A firm has an average age of inventory of 60 days, an average collection period of 45 days, and an average payment period of 30 days. The firm’s operating cycle is ________ days.
A) 75
B) 105
C) 90
D) 135
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.