30valgolden
16.08.2020 •
Business
You determined the following information for Big Rapid's Supplies: It has a receivables turnover rate of 23.5 a payables turnover rate of 12.5 and an inventory turnover rate of 19.15. What is the length of the firm's operating cycle
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Ответ:
35 days
Explanation:
Receivables turnover rate = 23.5
Payables turnover rate = 12.5
Inventory turnover rate = 19.15
Length of firm's operating cycle :
(Days sales in inventory + average collection period)
Days' sales in inventory = (365 days / inventory turnover ratio)
Days' sales in inventory = (365 / 19.15)
Days's sales in inventory = 18.717 days
Average collection period : (365 / accounts receivable turnover ratio)
Average collection period = (365 / 23.5)
Average collection period = 15.531
(18.717 + 15.531)
= 34.248
= 35 days
Ответ: