Using the information provided, what is the accounts payable cycle for the firm?

Allied Industries, Inc.

Selected Income Statement Items, 2017

Cash Sales $1,500,000

Credit Sales $7,500,000

Total Sales $9,000,000

COGS $6,000,000

Allied Industries, Inc.

Selected Balance Sheet Accounts

12/31/2017 12/31/2016 Change

Accounts Receivable $270,000 $240,000 $30,000

Inventory $125,000 $100,000 $25,000

Accounts Payable $110,000 $90,000 $20,000

A.

4.06 days

B.

6.08 days

C.

24.33 days

D.

4.87 days