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A firm has an inventory turnover rate of 16, a receivables turnover rate of 21...

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Accounting

A firm has an inventory turnover rate of 16, a receivables turnover rate of 21 and a payables turnover rate of 11. How long is the operating cycle?

37.00 days

40.19 days

42.87 days

63.08 days

73.37 days

Answer & Explanation Solved by verified expert
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