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 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

Multiple Choice

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