Question: Given the following information, calculate the operating cycle. Use average inventory and receivables in your calculations. Credit sales = $1,000,000 Cost of goods sold =

Given the following information, calculate the operating cycle. Use average inventory

Given the following information, calculate the operating cycle. Use average inventory and receivables in your calculations. Credit sales = $1,000,000 Cost of goods sold = $750,000 Beginning balances: Inventory = $300,000 Accounts Receivable = $280,000 Ending balances: Inventory = $280,000 Accounts Receivable = $250,000

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