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Burdick Corporation has provided the following financial data from its balance sheet: Accounts receivable, net Inventory Total assets Total stockholders' equity Year 2 $ 266,000
Burdick Corporation has provided the following financial data from its balance sheet: Accounts receivable, net Inventory Total assets Total stockholders' equity Year 2 $ 266,000 $ 162,000 $1,415,000 $ 991,000 Year 1 $ 250,000 $ 190,000 $1,390,000 $ 970,000 Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 10.4 days o 72.2 days o 141.3 days o 79.5 days o
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