Coronation Computers Sales and Service Has Annual Sales Revenue of $2,628,000

Multiple Choice

Coronation Computers Sales and Service has annual sales revenue of $2,628,000, cost of goods sold of $1,182,600, an opening inventory of $340,000, a closing inventory of $308,000, and accounts receivable of $345,600. If it purchases all of its inventory on credit and carries accounts payable of $194,400, what is the length of the operating cash cycle (OOC) for the business?

A) 66
B) 88
C) 108
D) 120
E) 208