Using the infomation provided, what is the collection cycle for the firm? Allied Industries, Inc Selected Income Statement Items, 2017 Cash Sales $1,500,000 Credit Sales $7,500,000 Total Sales $9,000,000 COGS $6,000,000 O A. 7.60 days OB. 10.34 days O C. 12.41 days O D. 684 days Click to select your answer Type here to search Total Sales $9,000,000 COGS $6,000,000 Allied Industries, Inc. Selected Balance Sheet Accounts 12131/2017 12/31/2016 Change Accounts Receivable $270,000 $240,000 $30,000 Inventory $125,000 $100,000 $25,000 Accounts Payable $110,000 $90,000 $20,000 O A. 7.60 days OB. 10.34 days C. 12.41 days D. 6.84 days Click to select your answer Type here to search Lu