1. Next Gen has an inventory turnover rate of 12, an accounts payable period of 45 days, and an accounts receivable period of 30 days. What is the length of the cash cycle?
16.95 days
13.72 days
14.30 days
10.46 days
15.42 days
2. A firm has an inventory turnover rate of 10, a receivables turnover rate of 14, and a payables turnover rate of 12. How long is the operating cycle?
71.80 days
68.72 days
44.79 days
62.57 days
54.15 days