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Question:
An analyst gathered the following information about a company: The operating cycle for the company is closest to:
A
108 days.
explanation
Number of days of inventory = 2,750 / (17,000/365) = 59.04 days
Number of days of receivables = 4,000 / (30,000/ 365) = 48.67 days
Operating cycle = 59.04 + 48.67 = 107.7 days
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