Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold...
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Finance
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
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48.33 days
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37.55 days
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42.87 days
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26.43 days
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15.41 days
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