is not 12.3 days. please help. thank you Anaab Dancewear sells all of its...
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is not 12.3 days. please help. thank you
Anaab Dancewear sells all of its merchandise online, which results in 100 percent of Its customers paying for their purchases with a credit card. On average, the credit card companies pay Anaab for all credit sales in 5.2 days. Anaab pays it suppliers, on average, 29.7 days after purchasing new inventory, and is able to sell the nventory, on average, 22.6 days after acquiring it. Given this information, what is the length of its cash cycle? Multiple Choice 27.8 days -7.1 days -1.9 days 57.5 days 123 days
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