Question

Amy Corp. has an average age of inventory of 45 days, collection period of 15 days. An average payment period is 15 days. If the company has daily working capital of $2,000. How long of operating cycle is? (360 days for 1 year)


Select one:
a. 45 days
b. 60 days
c. 50 days
d. 55 days

Answer 1

Explanation:

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