A business has an inventory turnover rate of 6.40, a receivables turnover rate of 5.80, and a payables turnover rate of 5.50. How long is the operating cycle? 106.72 days 91.50 days 119.96 days 84.57 days 99.80 days A company has sales of $4,200,000. The cost of goods sold is equal to 62 percent of sales. The company has an average inventory of $440,000. How many days on average does it take the company to sell its inventory? 61.67 days O 72.45 days 81.36 days 90.08 days 98.40 days A company expects sales of $52,000, $50,000, $54,000, and $60,000 for the months of March through June, respectively. The company collects 50 percent of sales in the month of sale, 35 percent in the month following the month of sale, and 10 percent in the second month following the month of sale. The remaining 5 percent of sales is never collected. How much money does the company expect to collect in the month of June? $45,200 $53,900 $57,400 $49,300 $41,600