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Decrease in end of year receivables of a firm will the operating cycle. A- increase B- decrease C- has no effect. If Nico Corporation has

Decrease in end of year receivables of a firm will the operating cycle.

A- increase B- decrease C- has no effect. If Nico Corporation has cost of goods sold of $300,000 and average inventory of $30,000, then the inventory turnover in times is ________ and the inventory turnover in days is ________.

A- 36.5; 10 B- 10; 36.5 C- 36.0; 10 D- 10; 36.0

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