Question: Given the following financial statement data, calculate the operating cycle for this company. In millions Credit sales $40,000 Cost of goods sold $18,000 Accounts Receivable

Given the following financial statement data, calculate the operating cycle for this company. In millions Credit sales $40,000

Cost of goods sold $18,000

Accounts Receivable avg $3,700

Inventory- Beg bal $1,700

Inventory End bal $2,200

Accounts Payable $1,500

Use this information above for Number 14 and 15.

14. The operating cycle for this company is:

15. What is the number of days of receivables?

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