Question: Macquarie Inc. has the following efficiency ratios: - Average inventory turnover period: 68 days - Average trade receivables period: 32 days Average trade payables period:

Macquarie Inc. has the following efficiency ratios: - Average inventory turnover

Macquarie Inc. has the following efficiency ratios: - Average inventory turnover period: 68 days - Average trade receivables period: 32 days Average trade payables period: 46 days Macquarie's suppliers allow 60 days credit. Macquarie's policy is to allow 40 days credit for trade receivables. The Macquarie's competitor has operating cycle of 48 days. Calculate Macquarie's operating cycle and analyse its operating efficiency

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