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What will be the firm cash cycle

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Question 1: Suppose that Freddie's Fries has annual sales of $620,000; cost of goods sold of $495,000; average inventories of $21,000; average accounts receivable of $37,000, and an average accounts payable balance of $32,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.)

Multiple Choice

Option 1: 13.66

Option 2: 1.82

Option 3: 60.86

Option 4: 37.26

Reference no: EM132531617

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