On average,Furniture & More is able to sell its inventory in 27 days.The firm takes 87 days on average to pay for its purchases.On the other hand,its average customer pays with a credit card which allows the firm to collect its receivables in 4 days.Given this information,what is the length of operating cycle?
A) 31 days
B) 38 days
C) 45 days
D) 56 days
E) 62 days
Correct Answer:
Verified
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