What is the cash cycle for a firm with $3 million average inventories, $1.5 million average accounts payable, a receivables period of 40 days, and annual sales of $20 million and an annual cost of goods sold of $18 million?
A. 14.59 days.
B. 70.42 days.
C. 136.25 days.
D. 46.25 days.
Answer: B
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