Loblaws has an inventory turnover rate of 12.3, an accounts payable period of 30 days, and...
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Loblaws has an inventory turnover rate of 12.3, an accounts payable period of 30 days, and an accounts receivable period of 40 days. What is the length of the cash cycle?
39.67 days
41.13 days
37.88 days
34.42 days
30.71 days
Homework Answers
Days in inventory=365/inventory turnover
=365/12.3=29.67 days
Cash cycle=Days in inventory+accounts receivable period-accounts payable period
=29.67+40-30 days
which is equal to
=39.67 days.
Add Answer to:
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Value options
Inventory conversion period:
56.77 days
43.26 days
45.96 days
131.70 days
Average collection period:
34.20 days
23.32 days
86.55 days
29.54 days
Payables deferral period:
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Cash conversion cycle:
31.37 days
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29.72 days
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Inmoo Company's average age of accounts receivable is 68 days, the average age of accounts payable...
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Average collection period:
34.20 days
23.32 days
86.55 days
29.54 days
Payables deferral period:
62.57 days
49.53 days
54.75 days
127.00 days
Cash conversion cycle:
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91.25 days
29.72 days
28.07 days
Then the multiple choices
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