Answer:
69.11 days
Explanation:
Cater's gym has an operating cycle of 74.45 days
The company plans to increase inventory from 8.51 times to 9.72 times
Therefore the company's new operating cycle can be calculated as follows
365/8.51
= 42.89 days
365/9.72
= 37.55 days
= 74.45 - 42.89+37.55
= 69.11 days
Hence the company's new operating cycle is 69.11 days
