Answered: Mentha Company currently has the…

Mentha Company currently has the following statistics: Days in inventory: 80 • Operating cycle: 148 What is Mentha's days in accounts receivable? Multiple Choice 68 days 80 days 148 days

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 5PEB: Inventory analysis A company reports the following: Determine (a) the inventory turnover and (b) the...

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Question

Mentha Company currently has the following statistics:
Days in inventory: 80
Operating cycle: 148
What is Mentha's days in accounts receivable?
Multiple Choice
68 days
80 days
148 days

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