Suppose that Sam Industries has annual sales of $2 million, cost of goods sold of $950,000, average inventories of $45,000, and average accounts receivable of $90,000. Assuming that all of Sam's sales are on credit, what will be the firm's operating cycle?
A) 0.85
B) 16.43
C) 17.29
D) 33.72

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The Answer of Suppose that Sam Industries has annual sales of $2 million, cost of goods sold of $950,000, average inventories of $45,000, and average accounts receivable of $90,000. Assuming that all of Sam's sales are on credit, what will be the firm's operating cycle?
A) 0.85
B) 16.43
C) 17.29
D) 33.72

Suppose That Sam Industries Has Annual Sales of $2 Million