Multiple Choice
J&J Production Inc. has annual sales of $30 million and accounts receivables of $1.5 million. They have an inventory turnover of 4. How long is J &J's operating cycle? (Assume a 360-day year)
A) 18 days
B) 90 days
C) 108 days
D) 72 days
Correct Answer:
Verified
Correct Answer:
Verified
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