Syed's Industries Has Accounts Receivable of $700,inventory of $1,200,sales of $4,200,and

question 2

Multiple Choice

Syed's Industries has accounts receivable of $700,inventory of $1,200,sales of $4,200,and cost of goods sold of $3,500. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?

• A) 110 days
• B) 131 days
• C) 145 days
• D) 186 days
• E) 210 days

---

Definitions:

Banking Transactions

Financial activities conducted through a bank, such as deposits, withdrawals, transfers, and payments.

Smartphone

A smartphone is a mobile device that combines cellular connectivity, computing capabilities, and internet access, along with other functionalities.

MICR Numbers

A line of numbers printed at the bottom of checks using a special magnetic ink; includes bank routing number, account number, and check number, used for electronic processing.

Routing Number

A nine-digit code used in the United States to identify a financial institution in a transaction.