FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

What is the average payment period?

If Maverick Industries has a cash cycle of 35 days and an operating cycle of 92 days, what is its average payment period? a) 57 b) 127 c) 35 d) 92
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Transcribed Image Text:If Maverick Industries has a cash cycle of 35 days and an operating cycle of 92 days, what is its average payment period? a) 57 b) 127 c) 35 d) 92
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