Answered: Ives Corporation, has an inventory…

Ives Corporation, has an inventory period of 22.1 days, an accounts payable period of 34.7 days, and an accounts receivable period of 30.5 days. What is the company's cash cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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Question

Ives Corporation, has an inventory period of 22.1 days, an accounts payable period of 34.7 days, and an accounts receivable period of 30.5 days. What is the company's cash cycle?

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