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The following inventory and sales data are available for the current year for C Company. C Company uses a 360-day year when computing ratios. Net

The following inventory and sales data are available for the current year for C Company. C Company uses a 360-day year when computing ratios.

Net CreditSales

Cost of Goods Sold

Gross Receivable

Inventory

July 1

320,000

780,000

June 30

P6,205,000

P4,380,000

P350,000

P960,000

C Company's operating cycle for Year 2 is

Group of answer choices

90.06

99.21

23.55

90.95

92.21

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