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, 2012

Cash and marketable securities: $198,000

Accounts payable: $288,000

Accounts receivable: $469,000

Notes payable: $65,000

Inventories: $577,000

Accrued expenses: $84,000

Prepaid expenses: $15,700

Total current liabilities: $437,000

Total current assets: $1,259,700

Long-term debt: $237,000

Gross fixed assets: $1,954,000

Par value and paid-in-capital: $199,000

Less: accumulated depreciation: $476,000

Retained Earnings: $1,864,700

Net fixed assets: $1,478,000

Common Equity: 2,063,700

Total assets: $2,737,700

Total liabilities and owner's equity: $2,737,700

Income Statement, Year of 2012

Net sales (all credit): $7,546,600.00

Less: Cost of goods sold: $6,112,746.00

Selling and administrative expenses: $349,000.00

Depreciation expense: $145,000.00

EBIT: $939,854.00

Interest expense: $49,500.00

Earnings before taxes: $890,354.00

Income taxes: $356,141.60

Net income : $534,212.40