30.38 days is the length of the firm's operating cycle.
The business cycle is the average time it takes a company to make the first cash outlay to produce a product, sell the product, and receive cash from the customer in exchange for the product.
The operational cycle has three basic steps: buying inventory with cash, selling inventory with credit, and receiving payment for the sale. The duty cycle can be calculated by adding the retention period and the accounts receivable period.
The operational cycle helps estimate the amount of working capital a company needs to maintain or grow its business. Companies with very short operating cycles need less cash to stay operating, so they can grow while selling at relatively low-profit margins.
Learn more about the operating cycle here: https://brainly.com/question/15043221
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