Mentha Company currently has the following statistics: Days in inventory

Question

Mentha Company currently has the following statistics: Days in inventory - 80
Operating cycle - 148
What is Mentha's days in accounts receivable?
A)80 days
B)68 days
C)148 days
D)Cannot be determined from the information given

Quizplus · Accepted Answer

Days in accounts receivable = Operating cycle - Days in inventory
Days in accounts receivable = 148 - 80
Days in accounts receivable = 68 days