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Use the following information to answer the question below: Item Value Item Value Inventory $978 Credit sales $8,420 Accounts receivable $1,150 Cost of goods sold

Use the following information to answer the question below:

Item

Value

Item

Value

Inventory

$978

Credit sales

$8,420

Accounts receivable

$1,150

Cost of goods sold

$6,250

Accounts payable

$700

What is the length of the cash cycle to the nearest day?

a.

116 days

b.

66 days

c.

107 days

d.

57 days

e.

41 days

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