QUESTION 20 State Street Market cur onty has 6 days in its cash cycle and 1 15 d

Question

QUESTION 20 State Street Market cur onty has 6 days in its cash cycle and 1 15 days in its operating cycie. The fi m p eases its emre mento y hom one s pole. Th se ler ha offered a 3 percent discount on all purchases if State Street Market will pay in 10 days. If the market opts to take advantage of the discount offered, its new operating cycle will bo days and its new cash cycle will be O 115:68 O 105:95 O115; 105 O 106: 58 days 113; 95 Click Save and Submit to sqve and submit. Click Save All Answers to save afl ansuers Save Al 0 r, esc F2 8.

Explanation / Answer

Operating cycle will remain at 135 days.

New cash cycle = 68 - 10 = 58 days

Answer is A

115:68

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