Question

Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of...

Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of $21,038. In addition, the statement of financial position accounts was as shown in the table below. Blackberry uses average account values and a 365-day year where applicable in all of its computations.

Account Beginning Ending
Accounts receivable $1,800 $1,650
Inventory $2,450 $2,500
Accounts payable $1,950 $1,850



What is the cash cycle for Blackberry, Inc.?

Multiple Choice

  • 48.33 days

  • 37.55 days

  • 42.87 days

  • 26.43 days

  • 15.41 days

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