A retailer buys and sells on 30 days CR and from the date of purchase it takes, on average, 14 days to sell inventory. What is the correct order for the steps in this retailers operating cycle?

I Sell goods to customer

II Collect cash payment from customer

III Pay supplier

IV Purchase goods for resale from supplier

Select one:

a. I, IV, II, III

b. I, II, III, IV

c. IV, I, III, II

d. IV, III, II, I