Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate operating cycle.

Round the answers to two decimal places

Balance Sheet December 31, 2013

Cash and marketable securities $112,000

Accounts payable $211,000

Accounts receivable $325,000

Notes payable $51,500

Inventories $426,000

Accrued expenses $50,100

Prepaid expenses $10,700

Total current liabilities $312,600

Total current assets $873,700

Long-term debt $225,000

Gross fixed assets $1,514,000

Par value and paid-in-capital $117,000

Less: accumulated depreciation $315,000

Retained Earnings $1,418,100

Net fixed assets $1,199,000

Common Equity 1,535,100

Total assets $2,072,700

Total liabilities and owner's equity $2,072,700

Income Statement, Year of 2013

Net sales (all credit) $3,256,600.00

Less: Cost of goods sold $2,572,714.00

Selling and administrative expenses $323,000.00

Depreciation expense $115,000.00

EBIT $245,886.00

Interest expense $29,600.00

Earnings before taxes $216,286.00

Income taxes $86,514.40

Net income $129,771.60