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The Following Information Is Available for Blankenship Company for the Most

Question 56

Multiple Choice

The following information is available for Blankenship Company for the most recent year.
 Sales $1,100,000 Cost of goods sold 760,000 Gross profit 340,000 Net income 85,000 Accounts receivable (average # of days to sell inventory)  90,000 Inventory (50 days)  105,000\begin{array}{lr}\text { Sales } & \$ 1,100,000 \\\text { Cost of goods sold } & 760,000 \\\text { Gross profit } & 340,000 \\\text { Net income } & 85,000 \\\text { Accounts receivable (average \# of days to sell inventory) } & 90,000 \\\text { Inventory (50 days) } & 105,000\end{array}
What was Blankenship's operating cycle for the most recent year? (Round to the nearest whole day.)


A) 30 days
B) 50 days
C) 80 days
D) 120 days

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