It is circumference, for a circular orbit
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Distance travelled = 240*circumference 240*pi*70 = 52778.75658 or about 52779 cm
Speed describes the distance traveled by an object divided by the time in which the distance was traveled, if the direction is not specified.
distance traveled = speed multiplied by time taken.
The width is not needed as the distance travelled is 20 times its circumference (= {pi} x diameter): distance = 20 x {pi} x 56cm ~= 3519cm = 35.19m
Speed = Distance/Time