Abbot Corporation has an average collection period of 49 days, an inventory conversion period of 83 days, and a payables deferrable period of 36 days. What is Abbott’s operating cycle? A) 96 days B) 70 days C) 85 days D) 132 days

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 Abbot Corporation has an average collection period of 49 days, an inventory conversion period of 83 days, and a payables deferrable period of 36 days. What is Abbott’s operating cycle?
A) 96 days
B) 70 days
C) 85 days
D) 132 days
Darshita Changed status to publish August 12, 2020
0

Answer:

Abbott’s operating cycle

=49 +83

=142

=142 days

Abbott’s operating cycle=142 days

 

Darshita Changed status to publish August 12, 2020

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