Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Give company's cash cycle

Ives Corp. has an inventory period of
22.6 days, an accounts payable period of
37.7 days, and an accounts receivable
period of 31.9 days. What is the
company's cash cycle?
A. 92.2 days
B. 28.4 days
C. 54.5 days
D. 47.0 days
E. 16.8 days
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Transcribed Image Text:Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle? A. 92.2 days B. 28.4 days C. 54.5 days D. 47.0 days E. 16.8 days
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Managerial Accounting: The Cornerstone of Busines...
Accounting
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning