Gonzalez Mercantile has an inventory turnover of 8.3, days' sales in receivables of 57, and an average payables turnover of 7.2. What is the cash cycle given a 365-day year?
A) 50.28 days
B) 58.04 days
C) 55.00 days
D) 49.29 days
E) 61.37 days
A) 50.28 days
Explanation: Cash cycle = 365/8.3 + 57 ? 365/7.2
Cash cycle = 50.28 days
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