Answer:
Cash operating cycle= 91.5 days
Explanation:
Cash operating cycle is the average length of time between when a business makes payment for purchases and when cash is received from customers in respect to  sales made. The shorter the better
Cash operating cycle = Inventory days + receivables days - payable days
The inventory turnover in days = 365 days/ inventory turnover in times
                      = 365/4.85 times
                     = 75.3 days
Cash operating cycle = Inventory days + receivables days - payable days
                  = 75.3 days + 48.32 days - 32.15 days =91.47
Cash operating cycle= 91.5 days
