ACC 400 Course Great Wisdom / tutorialrank.com ACC 400 Course Great Wisdom / tutorialrank.com | Page 2

1. Zelma Company's last financial statements provided the following
ratios:

Current ratio 3:2

Quick ratio 1:2

Accounts receivable turnover 9.0 times

Inventory turnover 8.0 times

Net income percentage 12.5%

Return on equity 22.6%

Return on assets

9.8%

To the nearest day, what is the operating cycle for Zelma?

a)

80 days