43.

44.

Assume a company had sales on account of $140,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, respectively. In addition, its cost of goods sold was $112,000 and its beginning and ending inventory balances were $10,000 and $14,000, respectively. The operating cycle is closest to: Assume a company provided the following information: Net operating income Net income before tax Net income Gross margin $ $207,000 $170,000 $119,000 $680,000 The times interest earned ratio is closest to