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, 2014

Cash and marketable securities$132,000 Accounts payable$399,000

Accounts receivable$311,000 Notes payable$98,500

Inventories$512,000 Accrued expenses$89,300

Prepaid expenses$11,300 Total current liabilities$586,800

Total current assets$966,300 Long-term debt$799,400

Gross fixed assets$2,104,000 Par value and paid-in-capital $298,000

Less: accumulated depreciation$398,000 Retained Earnings$988,100

Net fixed assets$1,706,000 Common Equity1,286,100

Total assets$2,672,300 Total liabilities and owner's equity$2,672,300

Income Statement, Year of 2014

Net sales (all credit)$4,276,600.00

Less: Cost of goods sold$3,292,982.00

Selling and administrative expenses$349,000.00

Depreciation expense$148,000.00

EBIT$486,618.00

Interest expense$49,600.00

Earnings before taxes$437,018.00

Income taxes$174,807.20

Net income$262,210.80