On average, Obras Company holds its inventory 40 days before it is sold, waits 25 days for

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On average, Obras Company holds its inventory 40 days before it is sold, waits 25 days for customers’ payments, and takes 33 days to pay suppliers. For how many days must it provide financing in its operating cycle?

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:05 AM

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