The Financial Controller of James & Stratton Limited Has Calculated

Multiple Choice

The financial controller of James & Stratton Limited has calculated the following ratios for the company's financial year ended 31 December 20X9: Average inventory turnover period: 36.4 days
Average trade receivables turnover period: 42.7 days
Average trade payables turnover period: 56.4 days
What is the length of the company's operating cycle?

A) 22.7 days
B) 135.5 days
C) 62.7 days
D) 50.1 days