QUESTION 9The Management accountant of Stylo plc has calculated the following ratios for the company's recentfinancial yearAverage inventory turnover period:Average trade payables turnover period:Average trade receivables turnover period:What is the length of the company's operating cycle?42.6 days72.6 days58.7 daysa. 28.7 daysb.173.9 daysc. 56.5 days

Definition: Operating cycle: Days by which, a business can be able receive inventory or sell it or…

Answered: perating cycle?

Business

Accounting

perating cycle?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 27CE: Inventory Analysis Singleton Inc. reported the following information for the current year: Required:...

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